Scotia Group pushes Indices down

At mid-day Scotia Group fell back to $23.21 from $34.50 at the close on Thursday, to be the main contributor to the morning fall in the market on Friday. Trading on the Jamaica Stock Exchange continued with 19 securities traded, 6 stocks rose and 8 declined. A JSE Intra trd 3-07-15total volume of just over 2,166,651 shares have changed hands at mid-day.
The all Jamaican Composite index dropped 1,254.12 points to 108,369.89 points, JSE Combined Index declined 1,099.60 points to 100,340.99, JSE Index trades at 97,904.53 points after shedding 1,122.01 points and Junior Market Index fell to 886.69, down by 4.61 points.
The most noticeable trades so far are, Cable & Wireless trading 412,500 units at 46 cents, Gleaner traded at a new 52 weeks’ high of $1.53 after trading 10,000 shares, with the stock rising 53 percent since June 16. Pulse at a new 52 weeks’ high of 75 cents with 55,000 shares trading, Sagicor Group with 507,673 shares at $13, Scotia Group that traded at $23.21, a fall $1.44 with 812,616 shares, and Supreme Ventures at $4 a new 52 weeks’ high, with 96,275 shares trading.

J$ stays above 117 to US$1 on Thursday

Michael Manley the man who started the Jamaican dollar slide in the 1970s.

Michael Manley the man who started the Jamaican dollar slide in the 1970s.

Thursday’s trading in foreign currencies in Jamaican closed with dealers buying the equivalent of US$32,635,866 in contrast to US$38,333,260 on Wednesday, while they sold the equivalent of US$34,836,179 versus US$37,824,842 previously.
In US dollar trading, dealers bought US$30,637,319 compared to US$36,094,493 on Wednesday. The buying rate for the US dollar rose 8 cents to $116.49 and US$32,858,411 was sold versus US$36,465,228 on Wednesday, the selling rate rose 2 cents to $117.03. FX Sum 2-7-15.docxThe Canadian dollar buying rate declined $1.09 to $90.40 with dealers buying C$684,621 and selling C$654,945, at an average rate that fell $1.17 to $92.87. The rate for buying the British Pound fell 73 cents to $179.58 for the purchase of £882,554, while £398,803 was sold, at an average rate that declined 15 cents to $183.64. At the end of trading, it took J$129.90 to purchase the Euro, 44 cents less than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.30 for 39 cents less than Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$106,727, while the equivalent of US$832,251 was sold.
Highs & Lows| The majority of price changes for the highs and lows that the Jamaican dollar traded at, were mostly down on Thursday, with only two cases of increases with the highest buying rate for the US dollar rising 10 cents to $117.35. FX HL 2-7-15The lowest buying and the highest selling rates were unchanged at $95.82 and $122.78 respectively, while the lowest selling rate fell 25 cents to $114.70. The highest buying rate for the Canadian dollar dropped $1 to $93, the lowest buying rate lost 71 cents at $73.99. The highest selling rate inched down 60 cents to $96.40 and the lowest selling rate lost 35 cents to $89.15. The highest buying rate for the British Pound, rose 10 cents to $184 and the lowest buying rate declined 70 cents to $147.12, with the highest selling rate falling $3.61 to $187.38 and the lowest selling rate falling 75 cents to $177.25.

JSE off to big July start

Scotia rose to $24.50 during trading to help push market on Wednesday

Scotia rose to $24.50 during trading to help push market on Wednesday

Activity on the Jamaica Stock Exchange ended commenced the start of July with strong showing as Scotia Group climbed $1.25 to help push the main indices strongly upwards and pushing one time in trading the All Jamaica Composite index over 2,000 points.
Trading ended with 12 stocks rising, 7 declining as 29 securities changed hands and ending in 12,250,815 units trading, valued at $88,380,669 and 3 stocks closed at 52 weeks’ high in all market segments. The main market closed with 6 stocks advancing to 3 falling.
The JSE Market Index declined 1,470.77 points to 98,741.92 the JSE All Jamaican Composite index gained 1,643.93 points to close at 109,305.87 but JSE sum 1-7-15the JSE combined index rose 1,218.10 points to end at 101,216.67 thanks to gains in the junior market offsetting declines in the main market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was showing a poor reading of only 6 stocks with bids higher than their last selling prices and 7 with offers that were lower, a deterioration over the ratio of 10 to 6 on Tuesday.
In trading, Cable & Wireless had 278,936 units changing hands to close 1 cent higher at 46 cents. Caribbean Cement had only 3,410 units trading at $5.70 after shedding 30 cents, Carreras lost 79 cents in trading just 27,687 shares to close at $48.21. Desnoes and Geddes traded at $7.55 with 42,504 shares, Gleaner ended with 13,000 shares changing hands to gain 8 cents, for a 52 weeks’ high of $1.48, Grace Kennedy gained 50 cents to reach $64 while 132,737 shares changed hands. Kingston Wharves traded just 1,000 shares and shed 55 cents in closing at $6.60, JSE fn-Qts 1-7-15National Commercial Bank in trading 25,835 shares, to close unchanged at $29.04, Pan Jamaican Investment had 21,147 shares changing hands at $61.50, Pulse Investments traded at a new 52 weeks’ high of 70 cents after adding 15 cents with 9,000 shares trading. Proven Investments ended with 366,320 ordinary shares trading at 21.2 US cents, up from US$21, Sagicor Group gained just 1 cent with 147,788 units trading, to end at $13.01 after trading as high as $14.50, a new 52 weeks’ high and Scotia Group that traded 10,505 shares to close at $24.50 after trading at $25 and as low as $23.25 to gain $1.25.

J$ just 2 cents from $117 to US$1

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BankofJamaicaBOJ Tuesday’s trading in foreign currencies in Jamaican closed with dealers buying the equivalent of US$34,883,289 in contrast to US$44,006,677 on Monday, while they sold the equivalent of US$38,197,799 versus US$45,314,596 previously.
In US dollar trading, dealers bought US$27,766,608 compared to US$40,659,188 on Monday. The buying rate for the US dollar rose 6 cents to $116.35 and US$35,932,831 was sold versus US$42,723,695 on Monday, the selling rate fell 1 cent to $116.98. The Canadian dollar buying rate rose 58 cents to $92.56 with dealers buying C$1,573,168 and selling C$889,991, at an average rate that declined 46 cents to $93.84. FX sum 30-6-15The rate for buying the British Pound increased $1.99 cents to $182.25 for the purchase of £3,643,918, while £869,965 was sold, at an average rate that fell 10 cents to $183.78. At the end of trading, it took J$130.45 to purchase the Euro, 20 cents more than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$127.72 for 36 cents less than Monday’s rate. Other currencies bought, amounted to the equivalent of US$157,210, while the equivalent of US$184,358 was sold.
Highs & Lows| The highest buying rate for the US dollar rose 3 cents to $117.10, the lowest buying rate dropped $4.61 to $91, the highest selling rates put on 26 cents $122.78, while the lowest selling rate remained at $95.61. FX hl 30-6-15The highest buying rate for the Canadian dollar jumped $2.58 to $96.88, the lowest buying rate gained 4 cents at $75.03. The highest selling rate dipped $1.37 to $96.73 and the lowest selling rate lost 35 cent to $90. The highest buying rate for the British Pound, fell 45 cents to $183.90, the lowest buying rate remained at $147.82, with the highest selling rate diving $3.19 to $187.38 and the lowest selling rate fell $1.40 to $176.70.

4 stocks rose on TTSE

Scotiabank traded 42,355 shares carrying a value of TT$2,642,175

Scotiabank traded 42,355 shares carrying a value of TT$2,642,175

Trading on the Trinidad & Tobago Stock Exchange picked up a bit on Tuesday. The market ended with 11 securities changing hands of which 4 advanced, 1 declined, 6 traded firm, with a total of 320,241 units, valued at $5,795,458 changing hands.
At the close of the market, the Composite Index rose 0.58 points to close at 1,161.95, the All T&T Index advanced by 1.10 points to 1,970.55 and the Cross Listed Index gained 0.01 point at 46.37.
Gains| National Enterprises had 2,500 shares changing hands, climbed 10 cents to end at $17.20, Sagicor Financial closing with 210,250 shares valued at $1,318,268, the price edged up 1 cent to $6.27. Point Lisas Industrial Port traded at $3.95, for 5 cents more, with 10,355 units changing hands and Scotiabank traded 42,355 shares carrying a value of TT$2,642,175 to close at $62.30 with a gain of 5 cents.
Declines| Massy Holdings trading 35 shares to close at $64.34.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAl with 500 shares changing hands and ended at $67.25. TTSE sum 30-6-15CLICO Investment Fund with 33,780 units valued at $479,005 changing hands, closed at $22.60, First Citizens Bank with 13,402 shares trading to close at $35.75, Flavorite Foods ended trading with 1,400 shares at $4.80, Guardian Media had 481 shares at $19.76 and Republic Bank closed with 2,433 shares being purchased at $115.01 with a value of $4,273,073.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.

Trading low keyed on TTSE

TTSEDailyTRading280x150 Trading on the Trinidad & Tobago Stock Exchange remained subdued on Monday, the market ended with 10 securities changing hands of which 1 advanced, 4 declined, 6 traded firm, with a total of 134,168 units, valued at $6,531,028 changing hands.
At the close of the market, the Composite Index lost 0.15 points to close at 1,161.37, the All T&T Index fell 0.30 points to 1,969.45 and the Cross Listed Index remained at 46.36.
Gains| Point Lisas Industrial Port traded at a new 52 weeks’ high of $3.90 with just 600 units changing hands and gained 7 cents and Republic Bank closed with 37,154 shares being purchased 1 cent up at $115.01 with a value of $4,273,073.
Declines| National Flour had 10,566 shares changing hands fell 5 cents to end at $2.
TTSE sum 29-6-15
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAl with 6,798 shares changing hands for $457,166 ended at $67.25. CLICO Investment Fund with 74,493 units valued at $1,683,541 changing hands at $22.60, Firstcaribbean International Bank ended trading with 1,500 shares at $5, First Citizens Bank with 1,604 shares trading to close at $35.75. Massy Holdings trading 35 shares to close at $64.34, Sagicor Financial closing with 1,100 shares at $6.26, and Scotiabank traded 318 shares to close at $62.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.

Trading returns to norm on TTSE

Republic Bank may have bottomed out & seems poised to rise.

Republic Bank may have bottomed out & seems poised to rise.

Trading on the Trinidad & Tobago Stock Exchange returned to lower levels investors have become accustomed to in recent months and cooled from high level enjoyed on Thursday when Republic Bank accounted for $30.56 million and Clico Investment with $11 million of the total value of trading.
On Friday the market ended with 11 securities changing hands of which 1 advanced, 4 declined, 6 traded firm, with a total of 642,830 units, valued at $1,697,215 changing hands. At the close, the Composite Index lost 0.43 points to close at 1,161.52, the All T&T Index fell 0.64 points to 1,969.75 and the Cross Listed Index declined by a mere 0.03 points to end at 46.36.
Gains| Unilever Caribbean traded at a new 52 weeks’ high of $66.39 with just 315 units changing hands.
TTSE sum 26-6-15 Declines| ANSA McAl with 700 shares changing hands fell 25 cents to end at $67.25, First Citizens Bank with 1,575 shares trading closed 1 cent lower at $35.75. Grace Kennedy traded 157,665 shares valued at $551,838 for a loss of 3 cents to end at $3.50 and One Caribbean Media had 1,101 units changing hands and lost 2 cents at $22.40.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, CLICO Investment Fund with 8,200 units valued at $185,320 changing hands at $22.60, JMMB Group closing with 362,964 shares with a value of $165,037 to end at 45 cents. Massy Holdings trading 1,647 shares to close at $64.34, National Flour had 104,708 shares changing hands valued at $214,251, to end at $2.05, Republic Bank ended trading with 1,509 shares valued at $173,535 to close at $115. Republic closed with a bid to purchase 7,686 shares at $115 with an offer to sell 1,754 units at $116, an indication that the decline in price may now be over with some recovery may be on the way with the big trade on Thursday. Scotiabank traded 2,446 shares with a value of $152,264 to close at $62.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.

JSE enjoying slow Friday

Trading was mild with 75 minutes of trading having elapsed leading to 11 securities JSE Intra - 26-06-15.trading with 5 rising and 2 declining comprising a total volume of only 252,281 shares changing hands.The all Jamaican Composite index inched up 81.31 to 107,496.53 points, JSE Combined Index put on 77.40 to 99,682.59 points, JSE Index is now at 97,123.17 points after adding 72.75 points and Junior Market Index fell to 895.31, up by 0.97 points.
The most noticeable trade so far is Pan Jamaican with just 760 units trading as the price rose by $2.93 to $63.70, National Commercial Bank with 137,010 shares changing hands at $29 and Proven Investments with 76,970 shares at 21.2 US cents.

Juniors below 900 points

JSE sign Activity on the Junior Market closed with 8 securities trading and ended with 294,026 units changing hands valued at $954,783. The JSE Junior Market Index declined 14.05 on top of a fall of 15.87 points on Wednesday to close at 894.34, the first time it closed below 900 points since crossing over this level on June 3.
At the close of the market, the prices of 2 stocks advanced, 3 declined with 2 closing at 52 weeks’ high and there were 4 stocks with bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy and 5 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 17,562 units changing hands to close with a loss of $1.50 at $12 Cargo Handlers finished with 10,000 units to close at $26,Caribbean Cream with 3,357 shares traded higher by 1 cent to $1.60,JM 25-6-15 Caribbean Producers traded 6,000 shares and lost 8 cents to $2.80, Dolphin Cove trading 200 shares to close at $12.78 but ended with an offer to sell just 200 shares at $12.60. Honey Bun ended at $2.88 with 20,038 shares changing hands, Lasco Financial traded 152,759 shares but fell 5 cents in closing at $1.90 and Lasco Manufacturing traded 84,000 shares but gained 1 cent to end at $1.31.

Republic’s huge trade on TTSE

Republic_bank The big trades on Thursday on the Trinidad Stock Exchange were Republic Bank with $30.56 million and Clico with $11 million as trading ended with 13 securities changing hands. The market closed with 7 stocks advancing, 1 declined and 6 trading firm, with a total of 798,710 units, valued at $42,543,547.
At the close of the market, the Composite Index gained 1.17 points to close at 1,161.95, the All T&T Index advanced by 2.25 points to 1,970.39 and the Cross Listed Index rose by a mere 0.01 points to end at 46.39.
Gains| ANSA Mcal with 7,330 shares with a value of $494,775 changing hands and gained 25 cents to end at $67.50, CLICO Investment Fund traded 488,200 units valued at $11,028,620 in closing 3 cents higher at $22.60, First Citizens Bank with 950 TTSE sum 25-6-15shares trading, closed with a gain of 1 cent at $35.76. Republic Bank ended trading with 265,805 shares valued at $30,564,889, to gain 10 cents, at $115, Sagicor Financial Corporation traded 15,237 shares, to close 1 cent higher, at $6.25, Scotiabank traded 4,505 shares with a value of $280,436 to close 5 cents higher, at $62.25 and West Indian Tobacco closed with just 200 shares trading, to gain 50 cents to $126.
Declines| Prestige Holdings is the only stock declining at the close with a 1 cent loss to $9.85 with 1,000 shares trading.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, National Flour had 3,728 shares to end at $2.05, Massy Holdings traded 100 shares to close at $64.34, National Enterprises traded 500 units at $17.10, Praetorian Property Mutual Fund traded 8,000 units at $3.10 and Trinidad Cement with 16,889 shares at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.