Cement jumps back to $30.50

Caribbean Cement climbed $3 to $30.50 with 5,500 units to recover most of what it lost on Tuesday as investors had reacted negatively to the third quarter loss the company reported. ICI int -2-11-16Paramount Trading had a small volume changing hands but the stock traded at a new all-time high of $27 after rising $3.
Trading volume is very low after 80 minutes trading having taken place. Caribbean Cream with 100,000 units trading down to $7.05 is the sole stock with a volume in 6 figures.
The all Jamaica Composite Index climbs 1,338.30 points to 186,051.61, the Jamaica Stock Exchange Market Index gained 1,196.67 points to 167,405.00, the Jamaica Stock Exchange combined index rose 1,115.25 points to close at 180,306.17 and the junior market index inched up 0.53 points to 2,439.08.
At 10:50 am, a total of 28 securities traded, resulting in a volume of 337,469 shares changing hands carrying a value of $9,036,840, compared to 2,927,694 shares changing hands carrying a value of $45,399,096, on Tuesday.
The average number of shares traded amounts to 12,052 units compared to 121,987 on Tuesday. Market activity resulted in 9 stocks falling while the prices of 11 securities rose.

Heavy trading in 4 stocks – Friday

Scotia Group was one of the leading trades on Friday with more than 570,000 shares.

Scotia Group was one of the leading trades on Friday with more than 570,000 shares.

The Jamaica Stock Exchange closed on Friday with heavy trading in 4 securities, mainly; National Commercial Bank with 2,735,870 shares at $42, while gaining 85 cents. Pan Jamaican Investment Trust with 2,663,324 shares, with the price gaining 10 cents to a new high of $27.10, Scotia Group with 577,172 units, the price fell $1.50 to close at $30.11 and Jamaica Money Market Brokers 7.50% preference share, with 2,076,069 units at $2.10.
Stocks traded amount to 9,658,526 units valued at $241,159,958, in all market segments with the junior market accounting for 721,925 shares, valued at $3,110,379 of all trades.
JSE sum 17-6-16The market closed with prices of 12 stocks in the overall market rising, 13 declining, including 6 stocks rising and 5 declining, from the junior market. At the close 2 stocks ended at a new 52 weeks’ highs and 1 at a low.
The JSE Market Index gained 92.63 points to end at 159,639.97. The all Jamaica Composite Index rose 103.60 points to close at 177,471.18 and the JSE combined index climbed 184.76 points, to end at 171,119.66.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 11 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of market activities, Cable & Wireless closed at $1.26 after trading 269,176 units, Carreras fell 5 cents in trading 3,520 shares and closed at $62.80, Ciboney traded 65,000 units at 15 cents, Grace Kennedy closed with 157,510 shares trading at $125,JSE mm fn qts 17-6-16 Jamaica Broilers traded 76,896 units changing hands with a fall of 15 cents to close at $14.50. Jamaica Producers traded 61,482 shares and gained 50 cents to end at $48, JMMB Group gained 18 cents in trading 10,810 units to close at $10, Sagicor Group ended with 36,368 shares changing hands after rising 10 cents to $22.90, Sagicor Real Estate Fund traded 14,900 shares but gained 55 cents to close at $10.10. Scotia Investments traded 18,878 shares, but fell $1.15 to close at $25, Seprod traded 112,200 shares with a decline of 50 cents at $16.50, Supreme Ventures gained just 1 cent in trading 34,150 units at $4.76 and Proven Investment preference share traded 20,000 units and fell 20 cents to a 52 weeks’ low of $4.80.

TTSE mostly up on Monday

Prestige Holdings brand - the stock traded at a high on Monday.

Prestige Holdings brand – the stock traded at a high on Monday.

Trading activity recovered from the very low level on the Trinidad & Tobago Stock Exchange on Friday to end on Monday, with 292,411 shares valued at $1,647,137 trading. The market ended with 10 active securities of which, 2 rose, 1 fell and 7 remained unchanged. One stock ended at a 52 weeks’ high.
The Composite Index advanced by 1.50 points to close at 1,159.56, the All T&T Index rose 3.48 points to close at 1,899.96 and the Cross Listed Index fell 0.07 points to close at 55.56.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 5 stocks with bids higher than the last selling price and 9 with offers that were lower.
Gains| Prestige Holdings with 5,000 units changing hands ended at a 52 weeks’ high of $11.01 to record a gain of 40 cents and Trinidad Cement traded 45,492 shares and gained 49 cents to end at $4.
Losses| Sagicor Financial Corporation closed with 6,267 shares TTSE sum 29-02-16changing hands with a fall of 8 cents at $6.72.
Firm Trades| Clico Investments traded 48,887 shares valued at $1,099,996 to close at $22.51, JMMB Group traded 131,656 shares at 60 cents, National Commercial Bank traded 41,479 shares to close at $2.40, Point Lisas ended with 4,830 shares trading, to close at $4. Sagicor Financial Corporation 6.5% US$1 convertible redeemable preference traded 430 shares at US$1.10, Scotia Investments contributed 5,070 shares, to close at $1.80 and Trinidad and Tobago NGL closed at $19 with 3,300 units trading.

JSE main market sharp turn – Wednesday

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Carib Cement dropped $4 to $30 on Wednesday.

Carib Cement dropped $4 to $30 on Wednesday.

With polls suggesting a tight race in the general election on Thursday, the Jamaica Stock Exchange main market continued to reflect uncertainty on Wednesday as 16 securities declined, 9 gained as 35 changed hands in all market segments. Trading resulted in 2 stocks closing at 52 weeks’ highs.
A total of 9,862,201 units valued at $166,875,309 changed hands in all markets. The junior market accounted for 2,918,009 units changing hands, valued at $20,407,860.
The JSE Market Index suffered a big fall of 1,632.23 points to 157,641.47 the all Jamaica Composite Index dropped 1,824.11 points to end at 175,129.53 and the JSE combined index dumped by 1,936.89 points to close at 167,385.98.
JSE Sum 24-02-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 16 stocks with bids higher than their last selling prices and 9 with lower offers.
At the end of the market activities, Cable and Wireless closed with a gain of 10 cents as 103,800 units changed hands at $1.56. Caribbean Cement fell $4 to close at $30 with 1,133,522 shares changing hands, Carreras closed at $65, while trading 205,078 units, Ciboney ended at 14 cents with 210,000 shares trading, Grace Kennedy ended with 7,150 shares trading to close at $83. Jamaica Broilers climbed 45 cents with 426,559 units to close at $14.76, JMMB Group had 637,636 units changing hands with a loss of 59 cents to close at $10.41. Kingston Wharves had 14,225 shares trading with a gain of 5 cents at $11.45, Margaritaville Turks traded 506,000 shares at 15 US cents, JSE fn qts 24-02-16Mayberry Investments traded 76,234 units to close at $4.80 for a rise of 10 cents, National Commercial Bank had 514,148 shares changing hands with a gain of 1 cent to close at $41. Pulse Investments traded 5,900 shares with a fall of 70 cents to end at $3.70, Sagicor Group fell 1 cent with 784,897 shares changing hands at $22.10, Sagicor Real Estate Fund fell 30 cents with 8,888 shares changing hands at $11.70, Salada Foods traded 19,327 units at $9.25. Scotia Group had 328,060 shares changing hands, to close with a loss of $1.50 to end at $31.50, Scotia Investments had 297,000 units changing hands at $30, after rising 75 cents, Supreme Ventures fell 1 cent to close at $5.51 with 1,230,000 units changing hands. JMMB Group 7.5% preference share traded 167,678 units at $2.10 and Proven Investments ordinary share traded 262,083 units at 20 US cents.

Juniors slips sharply – Wednesday

CAC 2000 closed at new high of $7.36 on Wednesday.

CAC 2000 closed at new high of $7.36 on Wednesday.


The junior market ceded ground again on Wednesday although advancing and declining stocks were equal with 6 declining stocks and 6 advancing leading to fall of 2 percent in the index. The market lost 44.03 points to end at 2,075.12 with 13 securities trading, 2 of which ended at 52 weeks’ highs. The market ended with 2,918,009 units changing hands, valued at $20,407,860.
At the close, 1 security ended with no bid and 6 securities had no stocks being offered for sale. There were 8 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
In trading, Access Financial fell 50 cents while trading 764,000 units to close at $19.50, AMG Packaging dropped had 20,000 units changing hands, to end at $14, Blue Power traded 4,440 shares and fell 29 cents to end at $9.30, CAC 2000 had 12,500 shares changing hand, to close at a 52 weeks’ high of $7.36 after rising 34 cents. C2W Music traded 5,637 units at 43 cents, Caribbean Cream rose by 15 cents while trading 107,800 shares to close at $4.15, Caribbean Producers had 30,000 units changing hands, to close at $5.10, Dolphin Cove traded 500 shares at $15.61, General Accident traded 690,326 units at $2.40 with a gain of 20 cents. JM sum 24-2-16Honey Bun ended with 7,674 units changing hands at $13.78 after rising 8 cents, Knutsford Express gained $1.01 and ended at a 52 weeks’ high of $18.51 with 1,500 shares changing hands, Lasco Distributors closed with 193,650 units trading to end at $7 for a 6 cents loss. Lasco Financial declined by 15 cents to end at $2.95 with 279,491 shares changing hands, Lasco Manufacturing ended trading with 297,431 shares and fell 40 cents to close at $4.20, Medical Disposables traded 477,623 shares to close with a loss of 1 cent at $3.39, and Paramount trading closed with a 6 cents gain at $11.30 with 45,437shares trading.

Junior market rises on Wednesday

Caribbean Flavours hit a new high of $9 on Wednesday

Caribbean Flavours hit a new high of $9 on Wednesday

Activity in the junior market ended on Wednesday with 10 securities trading of with 6 advanced and 3 declined. The junior market index gained 26.54 points to 1,627.87 with 2,721,358 units, valued at $9,118,051 changing hands.
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial traded 1,010 units at $14.02, to record a gain of 1 cent, Caribbean Flavours jumped 90 cents with 21,250 shares changing hands at a new 52 weeks’ high of $9, Caribbean Producers lost 35 cents in trading 18,509 units, to close at $4.25. General Accident ended with 1,000 shares changing hands at $2.04, for a gain of 13 cents, Knutsford Express climbed 80 cents to $11.30 with 5,267 shares changing hands. JM - Trde Sht 16-12-15Lasco Distributors closed with 17,050 shares changing hands at $4.55 after rising by 5 cents, Lasco Financial fell 10 cents ended at $3, with 97,827 shares changing hands. Lasco Manufacturing (LASM) gained 25 cents and closed at $3.30, with 2,553,756 shares trading. At the close the overhand of 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client was cleared. Medical Disposables lost 30 cents and ended with 5,000 shares changing hands at $3.25 and Eppley 10% preference share, ended with 689 units changing hands at $6.02.

Strong flows into FX market – Wednesday

J$ - 500front The Jamaican foreign exchange market still remained strong on Wednesday, with more $40 million entering the market, but the rate of the Jamaican dollar slipped against the US dollar, the British pound and the Canadian dollar.
Dealers sold $5 million more foreign currency than they purchased on Wednesday. The equivalent of US$40,650,808 was purchased and US$45,415,068 sold, compared with US$43,508,060 they purchased and US$47,115,930 sold on Tuesday.
Demand for the US dollar , exceeded the amounts purchased by dealers by US$6 million with dealers buying US$36,006,397 compared to US$39,170,370 on Tuesday. The buying rate for the US dollar gained 16 cents to $119.64. A total of US$42,190,336 was sold versus US$44,984,754 on Tuesday, the selling rate moved up by 6 cents to $120.16. FX trade sum 9-12-15 The Canadian dollar buying rate rose 80 cents to end at $86.69 with dealers buying C$1,959,978 and selling C$1,820,778, at an average rate that rose by 64 cents to $88.09. The rate for buying the British Pound climbed by $1.46 to $179.12 for the purchase of £2,083,411, while £1,131,287 was sold, with the rate gaining $1.26 to $180.27. At the end of trading, it took J$130.56 to purchase the Euro, an increase of 29 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.94 for a decline of 10 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$105,091 being bought, while US$192,701 was sold.
Highs & Lows| The highest buying rate for the US dollar, FX hl 9-12-15rose 3 cents to $120.43, the lowest buying and the highest selling rates remained at $98.70 and $126.47 respectively and lowest selling rate jumped $16.40 to $117. The highest buying rate for the Canadian dollar gained 25 cents to end at $88.60, the lowest buying rate ended 67 cents lower at $70.30, the highest selling rate fell 75 cents to $90.63 and the lowest selling rate climbed 50 cents to $84. The highest buying rate for the British Pound, rose $1.70 to end at $182. The lowest buying rate fell 91 cents to $144.09, while the highest selling rate lost $2.25 to end at $184.68 and the lowest selling rate rose $1.85 to $173.70.

Almost $120 Jamaican vs US – Thursday

1000front The Jamaican dollar lost value against the US and the Pound on Thursday, with only 1 cents separating the latest selling rate for the US dollar from what would be new landmark of $120. The local currency made modest gains on Canadian dollar. Funds purchased by dealers were closely matched with the amounts sold.
The equivalent of US$29,610,178 was purchased and the equivalent of US$30,889,097 was sold, compared with US$29,557,919 they purchased and US$37,613,356 sold on Wednesday. In US dollar trading , dealers bought US$26,774,865 compared to US$25,882,409 on Wednesday.FX trade sum 3-12-15 The buying rate for the US dollar gained 5 cents to $119.32 and US$29,627,807 was sold versus US$35,819,736 on Wednesday, the selling rate rose 3 cents to $119.99. The Canadian dollar buying rate rose 10 cents to end at $87 with dealers buying C$1,227,415 and selling C$630,679, at an average rate that fell 70 cents to $88.89. The rate for buying the British Pound dropped $1.39 to $176.79 for the purchase of £1,076,624, while £508,977 was sold, with the rate rising 62 cents to $179.34. At the end of trading, it took J$126.84 to purchase the Euro, a fall of 36 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.22 for a decline of 39 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$345,225 being bought, while US$33,379 was sold.
Highs & Lows| On Thursday, the highest buying rate for the US dollar fell 10 cents to $120.20 while the lowest buying,FX hl 3-12-15 the highest and the lowest selling rates were unchanged at $98.66, $126.42 and $117 respectively. The highest buying rate for the Canadian dollar jumped $2.53 to end at $93, the lowest buying rate fell 41 cents to $70.97, the highest selling rate jumped $1.98 to $94 and the lowest selling rate remained at $85. The highest buying rate for the British Pound, climbed $1.38 to end at $181.50. The lowest buying rate fell 58 cents to $144.42, the highest selling rate jumped $1.87 to $186.18 and the lowest selling rate declined by 80 cents to $173.

3 stocks trade at new highs – Tuesday

National Four trades at a 52 weeks' high with a gain of 25 cents.

National Flour trades at a 52 weeks’ high with a gain of 25 cents.

Trinidad Cement traded on the Trinidad and Tobago Stock Exchange at a 52 weeks’ high, as well as National Flour and Unilever. Trading ended with 13 active securities with the prices 5 rising and 4 declining and 4 trading unchanged. The volume changing hands was 478,946 shares for a value of $5,480,768.
At the close, the Composite Index ending with a rise of 3.03 points at 1,160.34 the All T&T Index advanced by 2.51 points to 1,957.63 and the Cross Listed Index gained 0.49 points to 47.72.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Gains| Guardian Holdings gained 1 cent in trading 1,300 units at $12.92, National Commercial Bank gained 5 cents in trading 22,331 shares at $1.90. National Flour ended with 50,349 shares changing hands at $2.75, after rising 25 cents to a 52 weeks’ high, Trinidad Cement ended at a new 52 weeks’ high of $4.75 after gaining 42 cents and Unilever Caribbean ended with 810 shares trading 2 cents up, for a new 52 weeks’ high of $68.17.
Declines| Angostura Holdings with 5,763 shares changing hands, closed with a loss of 1 cent at $13.99, Clico Investment Fund posted 59,044 shares valued at $1,339,490 and closed with a loss of 1 cent at $22.68. TTSE 1-12-15Massy Holdings with 1,110 shares lost 1 cent in closing at $61.93 for a 52 weeks’ low and Trinidad and Tobago NGL slipped 20 cents in trading, to close at $21.50 with 126,068 shares valued at $2,714,920 units changing hands.
Firm Trades| First Citizens Bank traded 250 shares to close at $35, National Enterprises with 300 shares changing hands at $16.39, Prestige Holdings with 3,825 units changing hands, ended at $10.10 and Sagicor Financial Corporation closed with 980 shares changing hands at $6.06.

3 stocks rise on TTSE on Monday

T&TNGL gained 25 cents to end at $21.75 on Monday

T&TNGL gained 25 cents to end at $21.75 on Monday

Trading picked up on the Trinidad and Tobago Stock Exchange on Monday and ended with 10 securities trading, of which 3 stocks closed higher, none declined and 7 remaining unchanged as 243,392 shares changed hands for a value of $$6,969,499.
At the close, the Composite Index ending with a gain of 0.75 points at 1,154.40 the All T&T Index rose 0.07 points to 1,951.86 and the Cross Listed Index gained 0.20 points to end at 46.89.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
Gains| Ansa Merchant Bank closed with a gain of 1 cent, only 200 units traded to end at $38.96. Sagicor Financial Corporation gained 23 cents to end at $6, with 100,853 shares changing hands, valued at $604,932 and Trinidad and Tobago NGL closed with a gain of 25 cents at $21.75 with 23,334 shares changing hands for a value of $502,043.
TTSE 16-11-15 Firm Trades| Clico Investment Fund closed with 40,580 shares changing hands at $22.53 for a value of $914,289. First Citizens Bank traded 1,809 shares to close at $35, Guardian Holdings with 1,600 shares changing hands, closed at $12.90. Scotiabank closed with 66,828 shares valued at $4,176,750 changing hands at $62.50, West Indian Tobacco closed with 3,252 units trading at $126.04, Trinidad Cement ended at a $4.01 with 1,000 shares changing hands and Unilever Caribbean ended with 3,936 shares valued at $265,837 trading to end at $67.54.