JSE: Trading picks up but still light

Friday, 13th September | Trading picked up from the highly depressed level of the previous three days resulting in stocks of 31 companies trading but the indices, with the exception of the junior market, all fell. The main market index closed at 84,893.83 declining by 465.72, the all Jamaica index fell 819.45 to close at 85,064.08 and the junior market picked up 5.62 to 787.49. A total of 3,460,048 units traded on the market valued at $25,713,143. There were 9 stocks declining to 5 that recorded price gains.

Main Market | Cable & Wireless traded 513,649 units firm at 18 cents; Caribbean Cement saw trading in 56,200 units at $2.65 as it lost 13 cents; Carreras delivered 35,803 units to new owners as the price closed at $47.70 down 80 cents; Grace Kennedy had just 16,000 units crossing the floor at $56.75 as the price lost 24 cents; Jamaica Broilers Group exchanged 30,642 at $5.10, down 10 cents; Investors moved 47,172 of Jamaica Money Market Brokers shares through for a $8 close, down 40 cents.

JSEIndicesSept13In the case of National Commercial Bank 95,452 units changed hands at $18.61 for a 1 cents gain; Sagicor Life Jamaica added 240,925 units to daily total at $9 at the close, the same price as yesterday’s close. Scotia Group put in a nice volume of 713,922 at $21.20, the price dropped 31 cents while Scotia Investments had only 3,600 trading but it gained 99 cents to close at $28; Supreme Ventures ventured into the market with 32,636 at $2.70 at the end of trading as it put on 15 cents for the day. Jamaica Money Market Brokers 8.75% preference shares traded 626,916 units firm at $3 and Proven Investments 8% preference traded 666,150 firm at $5.09.

Junior market | Trading in the junior market was very light with only 333,022 units changing hands. KLE Group traded 29,769 units Firm at $1.61, Lasco Distributors traded 23,970 units at $1.50 up 5 cents and Lasco Manufacturing traded 235,580 firm at $1.60.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had bids for 9 stocks being higher and 2 stocks having offers lower than their last selling price.

TTSE: Angostura ends on a high

Friday, 13th September 2013 | There was trading in 13 securities on Friday, 5 advanced, 1 declined and 7 traded firm as 577,825 units traded at a value of $3,265,401.

Jamaica Money Market Brokers had 200,000 shares changing hands for a value of $100,000; Sagicor Financial Corporation exchanged a volume of 183,334 shares for $1,265,005; Angostura Holdings did the same with 77,088 shares with a value of $770,640 as the price put on 39 cents to end the day at a 52 weeks high of $10, while Trinidad Cement added 60,000 shares valued at $117,000.

Scotiabank Trinidad & Tobago declined by a cent end the day at $70.02 but with only 200 units trading.

Clico Investment Fund share price gained a cent to close at $21.56 with a volume of 19,565 shares valued at $421,821. Praetorian Property Mutual Fund traded 4,000 units and closed firm at $3.41.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator was showing signs of a fluid market with bids for 3 stocks being higher and 4 stocks having offers lower than their last selling price.

TTSESept13First Citizens| Next week should be rather interesting as on Monday, First Citizens Bank is scheduled to start trading. The stock cannot trade above $25.30 as the market is restricted by a circuit breaker, which limits the daily price movement to 15 percent. This means that based on the issue price of $22, the maximum allowed for Monday is $3.30.

Related posts | First Citizens shares set to explode

FX: More selling than buying

Thursday 12 September 2013 | The total amount of trading in the forex market today resulted in the equivalent of only $20.544 million being purchased by dealers and selling of US$23.15 million.

There was buying of US$17,725,514 on Thursday at an average of $101.4957, which was lower by 25 cents at the end of the day than on Wednesday, while the average selling rate remained unchanged at $102.373 as US$19,863,112 was sold.

C$633,927 was purchased at $97.112 at 35 cents more than the day before and selling accounted for 493,436 at $99.0554 an increase of 18 cents and the Pound sterling was purchased $160.6002 or $1.43 more than on Wednesday for £1,341,124 while selling amounted to £1,711,750 up $1.09 to $163.009 at the close.

FX_TRADE+Currency+Sep12The lowest selling rate fell for all three main foreign currencies. There was no change for the highest price for the US dollar at $103.15 but the lowest buying price moved up by 17 cents to $84.34 and the highest selling rate increased by 21 cents to $108.07. The Canadian highest buying rate moved up 25 cents to $99.60, while the lowest was unchanged at $79.85 but the highest selling rate increased by 80 cents to $102.93 and there was a 15 cents drop in the lowest selling rate to $96.

FX_TRADE+HighLow+Sep12The Pound sterling cost 80 cents more to buy at the top at $163.50 and 79 cents more at the bottom at $131.14. Selling at the peak was 53 cents more costly than on Wednesday at $169.06 and $3.80 cheaper to sell at the low of $153.

JSE: 5 straight days of gains

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Thursday, 12th September 2013 | It was another day dominated by Cable & Wireless with 13.798 million unit trading at 18 cents. The market closed with the price of 9 stocks climbing and 11 declining, the latter in stark contrast to Wednesday when only two were down.

Stocks of 29 companies were active as the volume amounted to 15.79 million units with a value of only $10.44 million. While the indices showed promising signs before the close of trading, in the end there was moderate movement with the all Jamaica Index rising by 49.32 to close at 85,883.53 and the main market index closed at 85,359.55 up 28.03, for the fifth straight days of gains. On the other hand, the junior market index slipped by 1.34 to 781.87.

Carreras traded 12,323 units and closed at $48.50, up 85 cents on the day as the price tries to make a slow recovery from the $45 mark it fell to recently. Desnoes & Geddes traded 500,000 units $4.55 for an a 5 cents increase; National Commercial Bank traded a mere 18,822 to close at $18.60 up 5 cents; Kingston Wharves lost 91 cents while trading 16,652 to close at $6; Sagicor Life exchange 47,866 units and closed at $9 up 49 cents; Scotia Group 62,745 units to close at $21.51 off 19 cents at the close. Supreme Ventures traded 162.342 to close at $2.55, down 25 cents.

JMMB 8.75% preference shares had 202,673 units trading firm at $3 and PROVEN 8% exchanged 195,500 units at $5.09.

JSEIndicesSept12Junior Market | Access slipped 22 cents to land at $8.28 cents but only with 2,731 shares trading. Blue Power Group had another fairly good day with 40,000 trading to close firm at $9.28; infrequently traded C2W Music put in a big volume of 155,000 units at 97 cents down 3 for the day, a new all time low; Caribbean Cream had 100,000 units exchanged at $1.03 up a cent at the close; Caribbean Producers had 20,287 units changing hands firm at $2.10; General Accident Insurance put in 44,350 units at $1.8,up 5 cents; Jamaican Teas lost 20 cents to close at $4 with 29,837 shares changing hands; Lasco Distributors 70,014 $1.45, up 5 cents; Lasco Financial Services 108,150 down 5 cents to $1.25 and Lasco Manufacturing accounted for 136,163 firm at $1.60.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator was showing signs of a fluid situation for the market with bids for 8 stocks being higher with 6 stocks having offers lower than their last selling price.

TTSE: Trading picks up

Thursday, 12th September 2013 | Activity on the Trinidad & Tobago Stock Exchange picked up resulting in trading in 15 securities of which 5 advanced, none declined and 10 traded firm as 796,303 units traded valued at $8.24 million. There were two new 52 weeks high during the day as National Enterprises traded as high as 16.05 but closed lower at the end of trading and Scotia Bank closed at a new 52 weeks high at $70.03.

Jamaica’s Grace Kennedy fresh from a road show in Trinidad, which an IC Insider source indicates was well received, had volume of 200,000 shares changing hands for a value of $660,000, followed by Jamaica Money Market Brokers with a volume of 163,000 shares for $81,500. ANSA McAL traded 20,000 units at $66.28 with no change in price at the end of trading; National Enterprises contributed 117,336 shares valued at $1,878,749; Neal & Massy exchanged 32,616 units at $56; Sagicor Financial Corporation added 96,953 shares valued at $668,898. Trinidad Cement had 92,000 units changing hands firm at $1.95 and Clico Investment Fund share price gained a cent to close at $21.55, with a volume of 58,598 shares valued at $1,262,510.

TTSESept12Ansa Merchant Bank exchanged just 1,000 shares at $39 up 40 cents.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator was showing signs of a fluid market with bids for 4 stocks being higher and 2 stocks having offers lower than their last selling price.

Image courtesy of watcharakun/FreeDigitalPhotos.net

FX: Buying & selling even

Wednesday, 11th September 2013 | Buying of US dollars on Wednesday amounted to US$25,410,189 at an average rate of $101.7472 and sales took place for US$25,074,975 at an average rate of $102.376. C$534,105 was purchased at an average of $96.7598 and C$368,380 was sold at an average of $98.8734 while £1,123,610 was purchased at $159.1744 and amount sold amounted to £893,261at $161.922.

Overall the equivalent of US$27.83 million was purchased and selling took place for the equivalent of US$27.22 million.

The highest and lowest rates were mostly up with just two declining on Wednesday. The big mover was the British Pound,which closed with the highest buying rate at $162.70 and the lowest buying rate jumped by $30.35 to settle at $130.35. Authorised dealers sold the Pound as high as 49 cents more at $168.53, while the lowest selling rate moved up by $1.80 to close at $156.80.

FX_TRADE+Currency+Sep11The United States currency moved up by 10 cents to $103.15 for the highest buying rate with no change for the lowest buying and highest selling rate but it was 40 cents more for the lowest selling rate at $99.90.

FX_TRADE+HighLow+Sep11Dealers bought the Canadian dollar as high as $99.35, which is 15 cents cheaper than on Tuesday and it took 25 cents more to purchase at the lowest rate, which was $79.85. Selling took place as high as $102.13, less by 48 cents on Tuesday’s highest closing rate and was 45 cents more for the lowest selling rate which ended the day at $96.15.

JSE: Proven 8% saves day

Wednesday, 11th September 2013 | With just $7.4 million spent on stocks, Wednesday marked the worse trading day since April 25, a day when only $3.074 million worth of trading took place. Thanks to Proven Investments, it wasn’t the worse day for the year as 1.068 million of the company’s shares valued at $5.43 million crossed the floor.

The market closed with 8 stocks climbing and only 2 down as only stocks of 22 companies were active for a volume of 8.3 million units. At the end of trading, the all Jamaica Index rose by 473.29 to close at 85,834.21 and the main market index closed at 85,331.52 up 268.99, these increases are the fourth straight days of gains. The junior market index slipped by 2.94 to 783.21.

Cable & Wireless came in for increased interest not seen since the strong trading prior to the release of the June quarterly results as it traded 5,755,007 at 17 cents; Carreras seems to be gaining more and more buying interest as traded 31,130 at $47.65, up by 64 cents and so did Caribbean Cement with 327,540 shares, which closed at $2.78 up 28 cents after trading as high as $2.87. Desnoes & Geddes traded 29,200 units to close at $4.51; Grace chipped in with 7,000 units closing at $56.99, up 24 cents; Pan Jam had 11,324 units trading at 15 cents off at $51.05. Scotia Investments price was up 50 cents to $27.50 with 20,205 units. Supreme Ventures price moved up 25 cents to close at $2.80 with only 3,500 units.

JSEIndicesSept11Junior market | AMG Packaging traded 50,571 firm at $4; Blue Power 50,000 units at $9.28 the same price as the day before; Caribbean Cream traded 20,518 units firm at $1.02; Caribbean Producers traded 15,000 firm at $2.10; Consolidated Bakeries exchanged 64,290 and the price remained firm at $1.40. Lasco Distributors put through 207,000 units at the last selling price as on Tuesday at $1.40, so too did Lasco Financial Services that exchanged 53,317 units at $1.25 and Lasco Manufacturing had a good day with 414,655 units to close at $1.60, same price as the day before.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator was showing signs of a fluid situation for the market with bids for 9 stocks being higher with 6 stocks having offers lower than their last selling price.

TTSE: Low activity day

Wednesday, 11th September 2013 | In a low trading day, market activity on the Trinidad & Tobago Stock Exchange resulted in trading in 8 securities of which 2 advanced, none declined and 6 traded firm.

Market activity resulted in a volume of 372,425 shares valued at$2,043,195. Trinidad Cement had 310,000 shares changing hands for a value of $604,500 as the stock closed firm at $1.95, Sagicor Financial Corporation had 16,397 shares traded valued at $112,319. Agostini’s contributed 9,246 shares with a value of $159,494, while Scotiabank Trinidad & Tobago added 8,350 shares valued at $584,629, increasing by a cent to end the day at $70.02.

TTSESept11Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 24,000 shares valued at $516,940. CLICO INVESTMENT FUND remained at $21.54.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator was showing signs of a fluid situation for the market with bids for 2 stocks being higher and 2 stocks having offers lower than their last selling price

FX: Rates slowly slipping

Tuesday, 10th September 2013 | There was more selling of the US dollar than the amount purchased by some degree as the selling rate increased by 4 cents, which now seems like the daily rate movement but the buying rates was lower by 22 cents.

US$25.2 million was purchased at an average rate of $101.477 and selling amounted to US$29 million at an average rate of $102.316. C$1.35 million was purchased at $97.155 an increase of 76 cents and selling amounted to C$788,392 at an average rate of 98.85, up 21 cents. £1.867 million was purchased at $158.34, for an increase of 70 cents and selling amounted to £945,289 at an average rate of $161.15 up 54 cents.

Overall the equivalent of US$30.39 was purchased and US$31 47 was sold.

FX_TRADE+Currency+Sep10The highest and lowest rates saw moderate changes except for the lowest selling rate for the US dollar which rose $15.33 to end at $99.50. There were no change to the lowest buying rate which remained at $84.17 nor the highest selling rate for the US dollar which remained at $107.86 but the highest buying rate moved down by 77 cents to $103.05.

The highest buying rate for the Canadian dollar remained unchanged at $99.50 but the lowest buying rate inched up by 17 cents to $79.60. The highest selling rate was 21 cents higher than on Monday at $102.61 and the lowest was at $95.70 60 cents higher.

FX_TRADE+HighLow+Sep10The British pound was 30 cents more for buying at the highest level as it ended at $161.50 and was unchanged at $100 for the lowest buying rate. It was 80 cents more for the highest selling rate, which ended at $168.04 and 40 cents more for the lowest selling rate at $155 at the close.

Image courtesy of Marcus/FreeDigitalPhotos.net

JSE: Light trading

Tuesday, 10th September 2013 | In slow and light trading session only 2 million shares worth $12,374,368 traded as 25 companies had activity on the second day of the week. The main indices gained marginally while the junior market fell marginally as 6 stock increased in price and 6 declined.

Main Market|  Carreras is finding support around the $47 level and exchanged 14,000 and closed at $47.01 up a cent at the end of the day. Caribbean Cement regained 30 cents that it recently lost as it closed at $2.50 with only 1,000 shares. Desnoes & Geddes 55,000 firm at $4.50; Gleaner Company swapped 81,637 without change at $1.17; Grace Kennedy exchanged 110,000 at 56.75 off 25 cents; Jamaica Broilers Group saw 105,319 trading up to $5.30 gaining 20 cents at the end. Jamaica Money Market delivered 55,259 at $8.40 down 10 cents. Mayberry Investments accounted for 346,095 units and closed firm at $2.60, while Scotia Group had just 25,881 trading at $21.70 for a 39 cents gain.

JSEIndicesSept10Junior Market | In today’s trading the junior market, AMG Packaging traded 44,688 firm at $4; Blue Power Group 19,652 units closed at $9.28 off 12 cents; Caribbean Producers 160,000 units closed firm at $2.10; Consolidated Bakeries 5,000 units traded firm at $1.40; Dolphin Cove gained $1 to close at $9 based on 5,000 shares; Lasco Distributors 340,300 units closed at $1.40, down 9 cent; Lasco Financial Services 350,429 units closed at $1.30 down 10 cents and Lasco Manufacturing 242,231 units at $1.60, a 5 cents decrease.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator remains strong on Tuesday with bids for 9 stocks being higher and 5 stocks having offers lower than their last selling price.