No end to J$ devaluation yet

FXtrading280x150 The slippage of the Jamaican dollar continued on Monday against all its main trading currencies. Purchases of all currencies by dealers on Monday amounted to US$47,599,698 equivalent, compared with US$28,651,795, on Friday and selling of the equivalent of US$45,306,652 versus sale of US$28,357,266, previously.
In US dollar trading, dealers bought US$40,204,355 compared to US$25,241,737 on Friday. The buying rate for the US dollar was up 4 cents to $114.81 and US$38,650,336 was sold versus US$26,240,617 on Friday, the selling rate rose 4 cents to end at $115.43. The Canadian dollar buying rate gained $2.24 to $94.70 with dealers buying C$4,871,468 and selling C$6,032,486, at an average rate that rose $1.12 to $95.93. FX sum 28-4-15The rate for buying the British Pound fell 61 cents to $171.08 for the purchase of £1,684,985, while £569,172 was sold, at an average rate that climbed $1.07 to $174.90. At the end of trading it took J$125.37 to purchase the Euro, 83 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.83 for a rise of 73 cents from Friday’s rate. Other currencies bought, amounted to the equivalent of US$866,764, while the equivalent of US$780,456, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 7 cents to $115.72. The lowest buying and the highest selling rates remained unchanged at $93.94 and $120.37 respectively. The lowest selling rate fell 17 cents to $93.77. FX HL 28-4-15The Canadian dollar fell 58 cents to $95.70. The lowest buying rate was unchanged at $74.45, the highest selling rate declined 65 cents to $97.15 and the lowest selling rate gained 25 cents to $90. The highest buying rate for the British Pound, rose $1.15 to $176.25, the lowest buying rate increased $2.32 to $139.44, the highest selling rate climbed $1.73 to $179.76 with the lowest selling rate climbing $2.80 to $168.

2 weeks of decline for J$

Money2 The slippage of the Jamaican dollar continued on Friday and was unabated against the US dollar since Tuesday April 14. Purchases of all currencies by dealers on Friday amounted to US$28,651,795 equivalent, compared with US$32,959,776, on Thursday and selling of the equivalent of US$28,357,266 versus sale of US$32,149,238, previously.
In US dollar trading, dealers bought US$25,241,737 compared to US$29,244,108 on Thursday. The buying rate for the US dollar was unchanged at $114.77 and US$26,240,617 was sold versus US$29,126,877 on Thursday, the selling rate rose 9 cents to end at $115.39. The Canadian dollar buying rate fell $1.16 to $92.45 with dealers buying C$898,214 and selling C$1,039,537, at an average rate that rose 47 cents to $94.81. FX sum 24-4-15The rate for buying the British Pound rose $1.19 to $171.69 for the purchase of £1,113,056, while £340,322 was sold, at an average rate that climbed 92 cents to $173.83. At the end of trading it took J$124.55 to purchase the Euro, 96 cents more than on Thursday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.11 for a rise of 90 cents from Thursday ’s rate. Other currencies bought, amounted to the equivalent of US$1,021,450, while the equivalent of US$749,751, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 12 cents to $115.65. The lowest buying rate inched up 17 cents to $93.94, the highest selling rate remained unchanged at $120.37 and the lowest selling rate rose 17 cents to $93.94.FX HL 24-4-15 The highest buying rate for the Canadian dollar rose $1.28 to $96.28. The lowest buying rate was unchanged at $74.45, the highest selling rate gained 69 cents to $97.80 and the lowest selling rate gained 5 cents to $89.75. The highest buying rate for the British Pound, dropped $1.66 to $175.10, the lowest buying rate declined 66 cents to $137.12, but the highest selling rate fell 47 cents to $178.03 with the lowest selling rate falling 80 cents to $165.20.

More losses for J$ on Thursday

FXtrading600x250 Purchases of all currencies by dealers on Thursday amounted to US$32,959,776 equivalent, compared with US$36,496,804, on Wednesday and selling of the equivalent of US$32,149,238 versus sale of US$32,811,106, previously.
In US dollar trading, dealers bought US$29,244,108 compared to US$33,079,206 on Wednesday. The buying rate for the US dollar rose 2 cents to $114.77 and US$29,126,877 was sold versus US$30,687,641 on Wednesday, the selling rate rose 6 cents to end at $115.30. The Canadian dollar buying rate rose $2.03 to $93.61 with dealers buying C$2,315,687 and selling C$2,060,600, at an average rate that rose 2 cents to $94.34. The rate for buying the British Pound rose 25 cents to $170.50 for the purchase of £1,116,860, while £713,333 was sold, at an average rate that climbed 62 cents to $172.91. FX sum 23-4-15 At the end of trading it took J$123.59 to purchase the Euro, 14 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.21 for a fall of 5 cents from Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$167,713, while the equivalent of US$266,636, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 8 cents to $115.53. The lowest buying and lowest selling rates remained unchanged at $93.77 each and the highest buying rate rose 21 cents to $120.37. The highest buying rate for the Canadian dollar was unchanged at $95. The lowest buying rate rose 16 cents to $74.45, the highest selling rategained 92 cents to $97.11 FX hl 23-4-15 The highest buying rate for the British Pound,jumped $3.46 to $176.76, the lowest buying rate rose 71 cents to $137.78, but the highest selling rate rose $1.50 to $178.50 with the lowest selling rate falling $2 to $166.

J$ slips against US$ on Tuesday

FXTrading280x150 Purchases of all currencies by dealers amounted to US$26,567,245 equivalent, compared with US$46,335,229, on Monday and selling of the equivalent of US$33,810,517 versus sale of US$39,799,245, previously.
In US dollar trading, dealers bought US$22,316,665 compared to US$39,685,198 on Monday. The buying rate for the US dollar rose 4 cents to $114.61 and US$31,312,786 was sold versus US$36,190,849 on Monday, the selling rate rose 4 cents to end at $115.19. The Canadian dollar buying rate increased 94 cents to $92.47 with dealers buying C$1,587,253 and selling C$534,806, at an average rate that fell 65 cents to $93.45.FX sum 21-4-15
The rate for buying the British Pound rose $1.11 to $169.91 for the purchase of £1,713,967, while £1,043,075 was sold, at an average rate that fell 37 cents to $171.39. At the end of trading it took J$123.84 to purchase the Euro, 70 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.37 for a fall of 33 cents from Monday’s rate. Other currencies bought, amounted to the equivalent of US$428,862, while the equivalent of US$511,828, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 42 cents to $115.38. The lowest buying rate declined by 17 cents to $93.77, the highest selling rate eased 21 cents to $120.16 and the lowest selling rate dived $18.73 to $93.77. FX HL 21-415The highest buying rate for the Canadian dollar recovered $2.80 to $94. The lowest buying rate jumped $3.08 to $74.29, the highest selling rate gained 85 cents to $95.95 with the lowest selling rate rising $2.70 to $88.50. The highest buying rate for the British Pound,jumped $3.50 to $173.50, the lowest buying rate rose $2.19 to $137.07, but the highest selling rate fell $1.85 to $174.01 with the lowest selling rate climbing $2.65 to $165.15.

J$ slips against majors on Monday

JaCurrencyDollars The Jamaican dollar lost value against the three main intervention currencies on Monday continuing the trend from Tuesday. Purchases of all currencies by dealers amounted to US$46,335,229 equivalent, compared with US$35,210,782, on Friday and selling of the equivalent of US$39,799,245 versus sale of US$32,443,841, previously.
In US dollar trading, dealers bought US$39,685,198 compared to US$31,821,155 on Friday. The buying rate for the US dollar fell 10 cents to $114.57 and US$36,190,849 was sold versus US$31,225,597 on Friday, the selling rate rose 1 cent to end at $115.15. FX sum 20-4-15The Canadian dollar buying rate declined 73 cents to $91.53 with dealers buying C$1,656,041 and selling C$1,673,465, at an average rate that climbed 38 cents to $94.10. The rate for buying the British Pound fell 82 cents to $168.80 for the purchase of £3,028,741, while £808,640 was sold, at an average rate that rose 7 cents to $171.76. At the end of trading it took J$124.06 to purchase the Euro, 91 cents more than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.70 for an increase of $1.01 on Friday’s rate. Other currencies bought, amounted to the equivalent of US$864,803, while the equivalent of US$1,034,707, was sold.
FX hl 20-4-15Highs & Lows| The highest buying rate for the US dollar, rose 50 cents to $115.80. The lowest buying rate increased by 17 cents to $93.94, the highest selling rate gained 21 cents to $120.37, but the lowest selling rate jumped $18.73 to $112.50. The highest buying rate for the Canadian dollar fell $2.80 to $91.20. The lowest buying rate eased $1.33 to $71.21, but the highest selling rate fell $1.41 to $95.10 with the lowest selling rate falling $2.70 to $85.80. The highest buying rate for the British Pound,dropped $2.10 to $170, the lowest buying rate declined by 39 cents to $134.88, but the highest selling rate rose $1.51 to $175.86 with the lowest selling rate falling $2.80 to $162.50.

J$ slips against majors on Friday

GhanaMoney280x150 The Jamaican dollar lost value against the three main intervention currencies on Friday. Purchases of all currencies by dealers amounted to US$35,210,782 equivalent, compared with US$28,578,146, on Thursday and selling of the equivalent of US$32,443,841 versus sale of US$32,418,021, previously.
In US dollar trading, dealers bought US$31,821,155 compared to US$25,616,117 on Thursday. The buying rate for the US dollar added 15 cents to $114.67 and US$31,225,597was sold versus US$30,649,770 on Thursday, the selling rate rose 5 cents to end at $115.14. FX sum 17-4-15The Canadian dollar buying rate moved up by $1.53 to $92.27 with dealers buying C$1,129,211 and selling C$434,316, at an average rate that climbed 86 cents to $93.72. The rate for buying the British Pound rose 23 cents to $169.62 for the purchase of £1,162,803, while £437,343 was sold, at an average rate that rose 76 cents to $171.69. At the end of trading it took J$123.14 to purchase the Euro, $1.09 more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.68 for a increase of $1.13 on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$761,070, while the equivalent of US$212,529, was sold.
FX HL 17-4-15Highs & Lows| The highest buying rate for the US dollar, rose 12 cents to $115.30. The lowest buying rate increased by 8 cents to $93.77, the highest selling rate gained 11 cents to $120.16, but the lowest selling rate dropped $1.77 to $93.77. The highest buying rate for the Canadian dollar fell 20 cents to $94. The lowest buying rate stayed at $72.54, but the highest selling rate rose 34 cents to $96.51 with the lowest selling rate rising $1.10 to $88.50. The highest buying rate for the British Pound,climbed 40 cents to $172.10, the lowest buying rate rose 8 cents to $135.27, but the highest selling rate fell $1 to $174.35 with the lowest selling rate jumping $2.20 to $165.30.

J$115.04 for one US$ on Wednesday

Image courtesy of Marcus/FreeDigitalPhotos.net

Image courtesy of Marcus/FreeDigitalPhotos.net

The Jamaican dollar selling rate remained slightly above the J$115 mark to the US dollar on Wednesday. The local currency lost more value against the Canadian dollar and the British pound, than the day before.
Purchases of all currencies by dealers amounted to US$30,033,164 equivalent, compared with US$42,707,331, on Tuesday and selling of the equivalent of US$35,002,312 versus sale of US$43,780,983, on the previous trading day, still leaving a surplus of $5 million between sales and purchases for the week to date. In US dollar trading, dealers bought US$27,405,533 compared to US$37,573,862 on Tuesday. The buying rate for the US dollar fell 15 cents to $114.41 and US$33,460,121 was sold versus US$40,598,025 on Tuesday, the selling rate rose 3 cents to end at $115.04.FX sum 15-4-15
The Canadian dollar buying rate inched up by 11 cents to $89.67 with dealers buying C$862,182 and selling C$ 834,391, at an average rate that climbed 68 cents to $92.16. The rate for buying the British Pound fell 4 cents to $168.04 for the purchase of £1,228,750, while £481,711 was sold, at an average rate that rose 6 cents to $169.57. At the end of trading it took J$122.99 to purchase the Euro, $1.42 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$120.68 for a rise of $1.46 from Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$147,112, while the equivalent of US$163,704, was sold.
FXHL 15-4-15Highs & Lows| The highest buying rate for the US dollar, fell 40 cents to $115.20. The lowest buying rate rose $5.84 to $93.69 and the highest selling rate remained unchanged at $120.05, but the lowest selling rate rose $16.46 to $112. The highest buying rate for the Canadian dollar is up 50 cents to $92.70. The lowest buying rate inched up 16 cents $72, but the highest selling rate rose 15 cents to $94.52 with the lowest selling rate rising $2.45 to $89. The highest buying rate for the British Pound, rose 99 cents to $173.15, the lowest buying rate stayed at $134.38, but the highest selling rate climbed $2.13 to $175.50 and the lowest selling rate jumped $4.10 to $166.

J$115 for each US$ on Tuesday

US$Sheet280x150px The Jamaican dollar selling rate was back slightly above 115 to the US dollar on Tuesday, but the local currency lost more value against the Canadian dollar and the British pound. Purchases of all currencies by dealers amounted to US$42,707,331 equivalent, compared with US$52,169,763, on Monday and selling of the equivalent of US$43,780,983 versus sale of US$39,781,633, on the previous trading day.
In US dollar trading, dealers bought US$37,573,862 compared to US$47,538,451 on Monday. The buying rate for the US dollar climbed 8 cents to $114.56 and US$40,598,025 was sold versus US$37,352,160 on Monday, the selling rate rose 2 cents to end at $115.01. The Canadian dollar buying rate inched up by 48 cents to $89.56 with dealers buying C$1,264,277 and selling C$940,755, at an average rate that climbed 26 cents to $91.49.FX sum 14-4-15
The rate for buying the British Pound gained $1.65 to $168.08 for the purchase of £2,682,890, while £1,398,161 was sold, at an average rate that jumped $1.10 to $169.51. At the end of trading it took J$121.57 to purchase the Euro, 70 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.22 for a fall of 58 cents from Monday’s rate. Other currencies bought, amounted to the equivalent of US$208,843, while the equivalent of US$373,827, was sold.
FX HL 14-4-15Highs & Lows| The highest buying rate for the US dollar, rose 47 cents to $115.60. The lowest buying rate dropped $5.84 to $87.85 and the highest selling rate remained unchanged at $120.05, but the lowest selling rate rose $1.85 to $95.54. The highest buying rate for the Canadian dollar inched up 20 cents to $92.20. The lowest buying rate fell 37 cents $71.84, but the highest selling rate rose 80 cents to $94.37 with the lowest selling rate falling 45 cents to $86.55. The highest buying rate for the British Pound, rose $2.16 to $172.16, the lowest buying rate was down 33 cents to $134.38 but the highest selling rate declined 29 cents to $173.37 and the lowest selling rate fell 40 cents to $161.90.

J$ slips below 115 to US$ on Monday

JamaicanMoney280x150 The Jamaican dollar selling rate slipped back slightly below 115 to the US dollar on Monday, but the local currency also made gains on the Canadian dollar and the British pound. Purchases of all currencies by dealers amounted to US$52,169,763 equivalent, compared with US$34,310,557, on Friday and selling of the equivalent of US$39,781,633 versus sale of US$39,722,654, on the previous trading day.
FX sum 13-4-15In US dollar trading, dealers bought US$47,538,451 compared to US$31,736,664 on Friday. The buying rate for the US dollar climbed 3 cents to $114.48 and US$37,352,160 was sold versus US$38,071,864 on Friday, the selling rate fell 7 cents to end at $114.99. The Canadian dollar buying rate inched up by 1 cent to $89.08 with dealers buying C$1,826,660, and selling C$909,980, at an average rate that fell 5 cents to $91.23. The rate for buying the British Pound fell 65 cents to $166.43 for the purchase of £2,009,648, while £954,239 was sold, at an average rate of $168.41, for an 8 cents decline. At the end of trading it took J$122.27 to purchase the Euro, 51 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.79 for a fall of 38 cents on Friday’s rate. Other currencies bought, amounted to the equivalent of US$288,222 while the equivalent of US$309,927, was sold.
FXHL 13-4-15Highs & Lows| The highest buying rate for the US dollar, declined 6 cents to $115.13. The lowest buying and the highest selling rates remained unchanged at $93.69 and $120.05, respectively and lowest selling rate rose $3.69 to $93.69. The highest buying rate for the Canadian dollar fell 50 cents to $92, the lowest buying rate remained at $72.21, but the highest selling rate fell 43 cents to $93.57 with the lowest selling rate holding at $87. The highest buying rate for the British Pound, rose 20 cents to $170, the lowest buying rate was down 50 cents to $134.71 but the highest selling rate declined $1.34 to $173.66 and the lowest selling rate fell 60 cents to $162.30.

D&G at new high with $64m trade

D&G traded over 10m shares on Monday

D&G traded over 10m shares on Monday

Desnoes & Geddes traded 10,710,929 shares, with a value of $64,265,574. Mayberry Investments sold from within their in house portfolio at $6 per shares, with the price ending at a new 52 weeks’ high after gaining 45 cents for the day.
Sagicor Investments bought the block as brokers for the buyer. Carreras was the other major traded to take place in the market with 1.3 million shares in ten separate trades. NCB Capital Market sold from in house inventory with Scotia Investments being the broker doing the vast majority of the buying. With the exception of 370 shares which traded at $43, the rest traded at $42.
Activity elsewhere on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising, 7 declining as 20 securities changed hands, ending in 13,368,989 units trading, valued at $131,890,39, in all market segments.
Main Market| The JSE Market Index lost 327.75 points to 85,319.89, the JSE All Jamaican Composite index fell 366.44 points to close at 94,109.89 and the JSE combined index dropped 351.94 points to close at 87,029.50
JSE sum 13-4-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Carreras traded 1,300,000 at $42 for a $1 fall, Grace Kennedy with 47,691 shares closed trading at $63 for a $2 fall, Jamaica Money Market Brokers 7.50% preference share, closed with 250,000 units at $2.02, to record a 2 cents gain, Jamaica Producers Group lost $1.04 in trading only 200 shares and ended at $15.96. Sagicor Group traded 50,268 shares between $10.03 and $10.50 before closing at $10.50, Scotia Group ended up trading 354,932 shares for 45 cents higher at $22.50, Scotia Investments had 20,000 shares changing hands at $23 for a decline of 80 cents and Supreme Ventures closing with 36,120 units at $2.84, a decline of 11 cents.JSE qts 13-4-15 Stocks with good interest to buy are Berger Paints with 200,000 units on the bid at $1.60, Jamaica Broilers with the bid at $4.50 to buy 239,065 shares, JMMB Group with 807,884 shares on the bid at $7.02. Jamaica Producers has buyers for 496,855 units at $15.96, Radio Jamaica 200,000 shares at $1.50, Sagicor Group 341,717 shares on the bid at $10.06 and Scotia Investments with the bid at $23 to buy 133,940 shares.
There is strong interest to sell Sagicor Real Estate X Fund with 1,400,000 being offered at $6.95 and Jamaica Money Market Brokers 8.75% preference share at $3.20 for 400,000 units.