Trading on the Junior Market of the Jamaica Stock Exchange closed on Thursday with declining stocks dominating rising ones, 2 to 1 and the market index falling 40.32 points to 3,108.88.
The market ended with 1,176,216 units valued at $5,557,230 changing hands, with the index falling 6.26 points to close at 3,149.20. On Wednesday trading closed with 2,266,721 units valued at $11,726,592.
A total of 22 securities traded, versus 26 on Wednesday, with 6 stocks rising and 12 declining. Trading closed with 10 stocks having bids higher than the last traded prices and 1 closing with a lower offer.
Trading ended trading with an average of 53,464 units for an average of $252,601 in contrast to 87,182 units for an average of $451,023 on Wednesday. The average volume and value for the month to date amounts to 70,323 units valued at $351,812. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
At the close of the market, stocks trading and their last traded prices are: AMG Packaging lost 12 cents to close at $3.53 with 6,000 units changing hands, Caribbean Cream rose 35 cents to $6.85 with a 4,000 shares, Caribbean Producers close at $3.45 with a 50,009 shares, Consolidated Bakeries closed with a rise of 32 cents at $2.95 with a 980 shares, Derrimon Trading ended with a lost of 30 cents, to close at $7.50 with a 7,259 shares, Express Catering lost 30 cents to close at $4.70 with a 648,533 shares, General Accident closed at $2.90 with a 103,000 shares, Honey Bun closed at $5.50 with a 1,792 units, ISP Finance traded 5,900 shares and rose 42 cents to $18.42. Jamaican Teas with a lost of 1 cent, closed at $4.51 with a 170 shares, Jetcon Corporation ended 20 cents higher to $5.30 with a 132,075 shares, KLE Group closed at $2 with a 5,100 shares, Key Insurance closed at $3.05 with a 1,068 stock units, Knutsford Express closed at $14.90 with a 3,650 shares, Lasco Distributors fell 18 cents, to $6.70 with a 25,000 shares, Lasco Financial traded at $4.00 with a 66,575 shares after a loss of 4 cents, Lasco Manufacturing ended with a loss of 4 cents, to close at $4.33 with a 44,820 shares, Main Event eased 8 cents in closing at $5.39 with a 7,970 shares, Medical Disposables close at $5.50 with a 32,215 shares, tTech lost 50 cents and closed at $8 with a 26,000 shares, Derrimon Trading preference share fell 40 cents and closed at $2.10 with a 4,000 shares and Eppley 10% preference share close with a rise of 1 cent at $6.61 with a 100 shares.
Junior Market drops 40 points
More forex sold than bought in Jamaica
Trading in the Jamaican foreign exchange market on Thursday, resulted in inflows of US$44.28 million in contrast to US54.48 million on Wednesday and outflows of US$46.34 million compared to US$40.55 million of all currencies previously.
Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $11 million and would require the dealers to cover the difference by the middle of the coming week.
In USA dollar trading, inflows ended at US$37.42 million versus US$50.77 million on Wednesday, with outflows of US$40.88 million compared to US$38.99 million.
The value of the Jamaican dollar rose modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.27 from J$128.29 previously. Dealers bought the US currency at an average of J$127.23, up from J$127.30 on Wednesday.
The selling rate for the Canadian dollar increased to J$102.79 from J$102.19 at the close on Wednesday, while the British Pound was less costly at the close, with J$168.51 buying the British currency versus J$169.15 and the euro, rose in value against the Jamaican dollar, with it taking J$152.05 to buy the European common currency , versus J$151.78 previously.
US$54.5m flowed into Jamaica’s forex market
Trading in the Jamaican foreign exchange market resumed on Wednesday after the holiday on Tuesday and resulted in inflows of US54.48 million in contrast to US$51 million on Monday.
Dealers sold US$40.55 million compared to US$39.7 million of all currencies on Monday. Approximately, 25 percent of the intakes are surrendered by dictates to Bank of Jamaica and would amount to $13.6 million which equates to the difference between the amount bought and sold via the public on Wednesday.
In USA dollar trading, inflows ended at US$50.77 million versus US$45 million on Monday, with outflows of US$38.99 million compared to US$35.7 million.
The value of the Jamaican dollar slipped modestly in value against the US dollar, with the selling rate for the US dollar ending at J$128.29 from J$128.22 previously. Dealers bought the US currency at an average of J$127.30, up from J$126.99 on Monday.
The selling rate for the Canadian dollar declined to J$102.19 from J$103.09 at the close on Monday, while the British Pound was more costly at the close, with J$169.15 buying the British currency versus J$167.54 and the euro, rose in value against the Jamaican dollar, with it taking J$151.78 to buy the European common currency , versus J$151.38 previously.
Moderate loss in value for J$ – Thursday
The value of the Jamaican dollar declined modestly in value against the US dollar on Thursday, with the selling rate for the US dollar ending at J$128.28 from J$128.22 previously. Dealers bought the US currency at an average of J$127.26 down from JS$127.47 on Wednesday.
Inflows into the Jamaican foreign exchange market rose slightly on Thursday to US$44.2 million from US$43.8 million on Wednesday with outflows of US$35 million up from $28.4 million on Wednesday.
In USA dollar trading, inflows into the system ended at US$35.80 million on Thursday versus US$41.4 million on Wednesday, with outflows of US$27.13 million compared to US$27.1 million.
The selling rate for the Canadian dollar rose to J$103.77 from J$102.58 at the close on Wednesday, while the British Pound was less costly at the close, with J$166.22 buying the British currency versus J$167.32 and the euro, fell in value against the Jamaican dollar, with it taking J$149.30 to buy the European common currency on, versus J$149.73 previously.
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J$ rose in value modestly – Wednesday
The value of the Jamaican dollar gained modestly in value against the US dollar on Wednesday with the selling rate for the US dollar ending at J$128.22 from J$128.29 previously. Dealers bought the US currency at an average of J$127.47 up from JS$127.14 on Tuesday.
Inflows into the Jamaican foreign exchange market dipped on Wednesday to US$43.8 million from US$46.3 million on Tuesday with outflows of US$28.4 million up from $47 million on Tuesday.
In USA dollar trading, inflows into the system ended at US$41.4 million on Wednesday versus US$38.3 million on Tuesday, with outflows of US$27.1 million compared to US$36.7 million.
The selling rate for the Canadian dollar declined to J$102.58 from J$104.94 at the close on Tuesday, while the British Pound was more costly at the close, with J$167.32 buying the British currency versus J$167.20 and the euro, fell in value against the Jamaican dollar, with it taking J$149.73 to buy the European common currency on, versus J$150.25 previously.
J$ lost value on Tuesday
The value of the Jamaican dollar lost value against the US dollar with the selling rate for the US dollar ending at J$128.29 from J$128.22 previously. Dealers bought the US currency at an average of J$127.14 down from JS$127.46 on Monday.
Inflows into the Jamaican foreign exchange market fell back to more normal levels on Tuesday to US$46.3 million from US$61.79 million on Monday with outflows of US$47 million up from $41.8 million on Monday.
In USA dollar trading, inflows into the system ended at US$38.3 million on Tuesday versus US$56.4 million on Monday, with outflows of US$36.7 million compared to US$36.6 million on Monday.
The selling rate for the Canadian dollar rose to J$104.94 from J$103.12 at the close on Monday, while the British Pound was less costly at the close, with J$167.20 buying the British currency versus J$165.90 and the euro, rose in value against the Jamaican dollar, with it taking J$150.25 to buy the European common currency on, versus J$148.21 previously.