FX: US$ & GBP gains Can$ falls

Thursday, 9 January 2013 | In forex trading, purchases exceeded selling moderately. Purchases amounted to US$30,897,841 and selling US$29,407,332 US dollar equivalent.

Purchases of the US dollar currency amounted to US$26,929,439 with the rate rising by 18 cents to end at $105.96 and selling amounted to US$26,877,868 for a 14 cents increase to $106.62. The Canadian dollar lost 83 cents in the buying and selling rates as C$1,235,481 was purchased for an average rate of $96.93 and C$922,969 was sold at $98.33.

Purchases of the British Pound amounted to £1,625,175, an increase of 84 cents to $173.08 and selling came to £856,530, the rate increased by $1.05 to $176. Other currencies bought amounted to the equivalent of US$183,378 with selling of US$264,394.

FX_TRADE+Currency+Jan9Highs & Lows | The highest buying rate for the US dollar closed at $107.25 and was up by 25 cents, the low was unchanged at $86.42. The highest selling rate dropped $2.07 to $108.68 and the low gained 90 cents to $103.50.

The highest buying rate for the Canadian dollar ended at $99.26, a decline of 74 cents, while the low was up by 83 cents to $79.93. The highest selling rate ended with $1 off at $101.50 and the lowest closed at $94.70, down 60 cents.

FX_TRADE+HighLow+Jan9The highest buying rate for the Pound ended at $176.50, up 40 cents and the low was inched up 8 cents to $139.94. The highest selling rate rose by 19 cents to end at $178.30 and the low closed at $167, down $1.50.

JSE: Carreras Jumps $4 follows special dividend

Thursday, 9th January 2014 |  Cigarette distributors, Carreras’ stock jumped $4 one day after the company announced a special capital distribution. Activity elsewhere in the Jamaica stock market resulted in 33 securities trading with 8 advancing and 11 declining while 5,316,730 shares changed hands with a value of $19,382,699.

The market indices mainly declined with the JSE Market Index declining by 210.97 points to close at 79,883.45, the JSE All Jamaican Composite falling 320.02 points to finish at 80,712.27 and the JSE Junior Market Index advanced by 1.44 points to end at 776.76. Caribbean Cement and Radio Jamaica that traded at $1.90 up 60 cents hit new 52 weeks high.

Main Market | Stocks trading with significant activity include, Cable & Wireless with 292,218 units to close down 2 cents at 17 cents; Caribbean Cement 448,359 shares as the price moved to a new 52 weeks high of $4, and was up 20 cents for the day; Carreras 10,132, up by $4 to $39 reacting to the announcement of special $1.18 capital distribution; Desnoes & Geddes 852,562 shares to close down 2 cents at $5; Gleaner 1,121,710 units unchanged at $1.10; Jamaica Broilers 743,757 shares, off by 13 cents to end at $4.58; Jamaica Money Market Brokers 81,697 units to close firm at $7.50; Jamaica Producers 167,417 shares to close down 25 cents at $18.75; Mayberry Investments 21,086 units firm at $2; National Commercial Bank 31,716 shares at $17, a fall of 10 cents; Scotia Group 40,997 shares at $20.50 and Supreme Ventures 207,491 units at $2.50.

JSEIndicesJan9Junior Market | In the Junior Market, C2W gained more than 100 percent in Thursday’s trading activity as just 10,000 of its shares were traded and the priced closed at 60 cents up 31 cents for the day, but there is not much interest shown in the market to buy more at the closing price, while AMG Packaging traded 16,104 shares at $3.48; Caribbean Producers traded 118,532 units to close unchanged at $2.75; General Accident had 421,800 units changing hands at $1.89; Lasco Distributors had 282,197 shares changing hands at $1.38; Lasco Financial Services traded 200,000 shares at $1.30; Lasco Manufacturing traded 197,449 to close down 8 cents at $1.20 and Medical Disposables traded 23,000 to close at $2.10.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.

Related post | Carreras pays out liquidation money

TTSE: Quiet day but Citizens moves up

Thursday, 9th January 2013 | Market activity on the TTSE resulted in 11 securities trading with 2 advancing, 4 declining and 5 traded firm.

The indices were mixed at the end of trading with the Composite Index declining by 0.36 points to close at 1,186.96, the All T&T Index advanced by 0.13 points to finish at 1,998.10 and the Cross Listed Index declined by 0.11 points to end at 49.36. Trading accounted for 422,006 shares valued at $3,015,608.

The main stocks to trade include First Citizens Bank with 3,975 units as the price gained 16 cents to end the day at $41.02; Guardian Holdings recorded 14,747 shares with the price shedding 10 cents to close at $13.80; Jamaica Money Market Brokers with 200,000 shares changing hands for a value of $100,000, the price closed at 50 cents; National Commercial Bank added 27,772 shares valued at $30,549; Republic Bank 1,877 units pushed the price to $116.08, an increase of 2 cents; Sagicor Financial Corporation contributed 36,000 shares with a value of $262,800, closing firm at $7.30 and Trinidad Cement with 50,000 shares at $2.25 each for a total value of $112,500.

TTSEJan9Clico Investment Fund traded 86,398 shares valued at $1,921,699 the price declined by 23 cents to end at $22.25.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices and 1 stock with a lower offer.

JSE: Indices up

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Wednesday, 8th January 2014 | In trading on the Jamaica Stock Exchange, shares of 29 companies traded with 13 stocks advancing to 6 that were down and 10,197,005 units changed hands with a value of $43,298,463.

The three main market indices closed up at the end of trading with the JSE Market Index advancing by 443.39 points to close at 80,094.42, the JSE All Jamaican Composite gained 672.54 points to finish at 81,032.29 and the JSE Junior Market Index advanced by 5.13 points to end at 775.32. Caribbean Cement and Caribbean Producers closed at new 52 weeks high.

Main Market| Activity in main market stocks resulted in trading in Berger Paints with 8,929 shares at $1.76; Cable & Wireless 5,893,367 units with the price closing up 2 cents at 19 cents; Carreras 629,254 shares at $35, down $1.75; Desnoes & Geddes 63,300 units at $4.98, off by 11 cents; Grace Kennedy 110,598 shares at $54 for an increase of 39 cents; Kingston Wharves 45,000 units at $6.10; National Commercial Bank 26,683 shares at $17.10, up by 58 cents; Pan Jamaican Investment 5,199 units at $54, a jump of $4; Sagicor Investments 100,000 shares at $16 up by 34 cents; Scotia Group 26,389 units at $20.50; Scotia Investments 11,750 shares at $25; Supreme Ventures 40,500 units at $2.51.

Jamaica Money Market Brokers 8.75% preference share traded 1,639,000 units at $3.

JSEIndicesJan8Junior Market | trading in the junior market saw Blue Power trading 306,565 units to close firm at $10; Caribbean Cream 100,000 shares at $1; Caribbean Producers up 5 cents as 309,890 units changed hands to close at $2.75; General Accident Insurance swapped 71,130 shares at $1.88; Lasco Distributors 436,710 units $1.38; Lasco Financial Services 123,789 shares at $1.27 and Lasco Manufacturing 213,542 units at $1.28.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 4 stocks with offers lower.

TTSE: Jamaican stocks dominate market

Wednesday, 8th January 2014 | Jamaican stocks were the dominant volume players in the T&T market today when 366,706 shares changed hands for a value of $2,719,776. Market activity resulted in in 11 securities trading, 2 advanced, 2 declined and 7 traded firm.

The two main indices just barely inched up with the Composite Index advancing by 0.05 points to close at 1,187.32, the all T&T Index moved up by 0.09 points to close at 1,997.97 while there was no change to the Cross Listed Index that remained at 49.47.

Jamaica Money Market Brokers traded firm at 51 cents as 200,000 shares changed hands for the consideration of $102,000; National Commercial Bank with a volume of 102,521 shares being traded for $113,798, the price closed unchanged at $1.11; Republic Bank exchanged 7,513 units with the price increasing 6 cents to end the day at $116.06; Scotia Investments contributed 28,109 shares with a value of $42,117.50 to close firm at $1.50; while Sagicor Financial added 13,500 shares valued at $98,550.00 closing at $7.30; West Indian Tobacco had 10,965 units trading firm at $120.

TTSEJan8IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling prices versus only 1 stock with a lower offer.

TTSE: Market traded moderately

Tuesday, 7th January 2013 | Trading occurred in 15 securities, 2 advanced, 8 declined and 5 traded firm on the TTSE with 186,385 shares changing hands valued at $5,544,694. First Citizens Bank closed at new 52 weeks high at the end of trading.

The Composite Index was unchanged at the end of the day of trading at 1,187.27, the All T&T Index declined by 0.12 points to close at 1,997.88 and the Cross Listed Index advanced by 0.02 points to close at 49.47.

Angostura Holdings traded 51,000 shares for $635,853 as the price closed up 2 cents to $12.47; ANSA Mcal added 19,441 shares valued at $1,288,938 it lost 20 cents to close at $66.30; First Citizens Bank ended the day at $40.86 as the price increased by 1 cent as 12,736 units were traded valued at $520,393; National Commercial Bank switched 10,000 units to close firm at $1.11; Point Lisas Industrial Port traded 5,000 units and lost 5 cents in closing at $3.65; Republic Bank contributed 23,979 shares with a value of $2,781,564 as the price close firm at $116; Sagicor Financial traded 6,000 units firm at $7.30; Scotiabank traded just 874 units to close unchanged at $72.75; Trinidad Cement saw 51,229 shares changing hands for a value of $115,265, the price remained unchanged at $2.25.

TTSEJan7Clico Investment Fund only traded 42 shares and declined by a cent to end at $22.50.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling prices versus only 1 stock with a lower offer.

Image courtesy of Photokanok/FreeDigitalPhotos.net 

JSE: Light trading

Tuesday, 7th January 2014 | Trading level was light on the Jamaica Stock Exchange with 1,887,470 units valued at $12,923,387 as 30 stocks were active accounting for prices rising for 10 and declining for 6.

The JSE Market Index declined by 354.40 points to close at 79,651.03, the JSE All Jamaican Composite declined by 537.55 points to end at 80,359.75 and the JSE Junior Market Index advanced by 3.95 points to reach 770.19.

Main Market | Stocks trading were Caribbean Cement with 235,081 units closing at a new 52 weeks high of $3.70 up 25 cents; Hardware & Lumber 13,447 units firm at $8.50; Jamaica Broilers 47301 units as the price gained 5 cents to $4.71; Jamaica Money Market Brokers 11,665 units down 4 cents to $7.50; Sagicor Group 319,737 units unchanged at $8.05; Sagicor Investments 10,822 units firm at $15.66; Sagicor Real Estate X Fund 11,302 shares up 30 cents to $6.50; Scotia Group 285,546 units at $20.45; Seprod 20,000 at $13.50; Supreme Ventures 62,300 shares as the price dropped 28 cents to $2.50.

Jamaica Money Market Brokers 8.75% preference shares traded 84,000 units firm at $3.

JSEIndicesJan7Junior Market | AMG Packaging traded 10,000 units at $3.50 up 2 cents; Caribbean Producers 91,500 unchanged at $2.70; Dolphin Cove 33,000 units at $8.50; General Accident 100,000 up 8 cents to $1.88; Lasco Distributors 6,000 shares unchanged at $1.30 and Medical Disposables & Supplies 500,000 shares at $2.15.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices versus only 2 stocks with lower offers.

FX: Rates mostly down as flows keep up

Monday, 6th January 2014 | For the second consecutive day, the amount of foreign currencies bought was more that the amount sold. While on Friday the difference was nearly US$5 million, on Monday it came out at US$6.7 million. The currency mostly in demand, the US dollar, was more than the amount sold by US$3.6 million as the selling rate for the US dollar and British Pound slipped but the Canadian rose.

Buys & Sales | Dealers bought US$35,024,822 on Monday as the buying rate fell by 14 cents to $105.59; the selling rate inched up a cent to $106.36 as dealers sold only US$31,449,963 of the amount bought. C$2,663,767 was bought at 98.13 for a cent reduction and selling was for C$1,202,972 at a rate of $99.69, down by 54 cents. Dealers bought £1,983,059 at an average rate of $172.19, the same as on Friday, and sold only £930,977 at $174.87 for a fall of 59 cents.

Other currencies purchased amounted to the US dollar equivalent of $490,466 and sales translated to US$443,763. The total amount of currencies bought was US$41,224,803 and the total amount sold US$34,552,012.

FX_TRADE+Currency+Jan6Highs & Lows | There were mixed results in buying and selling at the highest and lowest rates with 4 declines 5 increases and 3 rates closing unchanged. The US dollar was bought as high as $106.95, slippage of 40 cents but the lowest buying rate and the highest selling rate remained unchanged at $86.42 and at $110.75 respectively and the lowest selling closed at $86.01, up by $1.77.

The highest buying rate for the Canadian dollar went at $101.50, the same as on Friday. The low was a 70 cents increase to $79.80, the high for selling was $103, an increase of 46 cents but the low inched up by 5 cents to $96.20.

FX_TRADE+HighLow+Jan6The British Pound went as high as $176.70, up 70 cents buying and fell 41 cents to hit $139.86 for the lowest buying rate. The high for selling was down $1.68 to $177.44 and the low fell by 25 cents to $168.50.

TTSE: Market continues up

Monday, 6th January 2014 | Today’s Trinidad & Tobago Stock Market activity resulted in trading of 13 securities of which 6 advanced, 3 declined and 4 traded firm and 205,001 shares changing hands valued at $4,687,159. There were two stocks with new 52 weeks high.

The Composite Index advanced by 0.76 points to close at 1,187.27, the All T&T Index advanced by 1.53 points to close at 1,998.00 and the Cross Listed Index remained at 49.45.

Ansa Merchant Bank added 6,902 shares valued at $266,417 as the price closed at $38.60; First Citizens Bank traded 5,865 units as the price increased by 20 cents to end at $40.83 another new high; Guardian Holdings contributed 8,000 shares with a value of $111,200, the price fell 10 cents to close at $13.90; National Flour Mills traded 22,291 shares changing hands for a value of $21,622 as the price close 2 cents up at 97 cents; National Enterprises had a volume of 12,494 shares being traded for $219,499 at $17.60 up 5 cents; One Caribbean Media traded 5,969 shares for a cent loss to end at $18.53; Republic Bank exchanged 5,188 shares at $116.00 for a gain of 4 cents and Scotiabank saw just 528 units changing hands as the price closed at $72.75 up 14 cents for a new 52 weeks high.

TTSEJan6Clico Investment Fund posted 136,485 shares valued at $3,071,602 as the price advanced by a cent to end at $22.51.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids that were higher than the last selling prices versus only 2 stocks with offers that were lower.

Image courtesy of Photokanok/FreeDigitalPhotos.net.

JSE: Market lost ground

Monday, 6th January 2014 | The Jamaican stock market lost ground in trading as 31 stocks were active with the advance decline ratio being equally matched at 10 each as 11,404,344 units changed hands with a value of $10,332,376.

The JSE Market Index declined by 471.33 points to close at 80,531.48, the JSE All Jamaican Composite declined by 714.90 points to end at 81,695.23. The JSE Junior Market Index bucked the trend of the others and advanced by 8.12 points to 768.49.

Main Market | The stocks with the main impact in trading were Cable & Wireless with 10,000,000 units, the price closed at 17 cents; Caribbean Cement 178,160 units to close at $3.45; Carreras lost $1.20 to close at $36.80 with 10,000 shares; Grace Kennedy had 25,806 units, the price closed at $54.01; Hardware & Lumber swapped 10,279 units to close at a new 52 weeks high of $8.50; Jamaica Broilers 9,390 units as the price rose 5 cents to end up at $4.66; Jamaica Money Market Brokers with 23,049 shares to close at $7.54; Kingston Wharves 10,000 closing firm at $6.06; Mayberry Investments 211,935 units closing firm at $2; National Commercial Bank 10,000 shares closing at $16.50,up by 35 cents; Sagicor Group 151,832 units at $8.05, off by 23 cents; Sagicor Investments 108,445 shares at $15.66 down by $1.34; Scotia Group 18,651 units as the price close up 42 cents at $20.42 and Seprod 13,000 units to close at $13.50 by gaining 50 cents.

Jamaica Money Market Brokers 8.75% preference shares traded 174,500 firm at $3.

JSEIndicesJan6Junior Market | Caribbean Producers Jamaica 241,130 units traded firm at $2.70; Cargo Handlers held firm with 9,246 units to close at $13.50; Consolidated Bakeries traded firm with 92,267 shares at $1.20; Jamaican Teas traded 10,700 units at $3.60, down 40 cents; Lasco Financial Services traded 37,000 units to close at $1.27 and Medical Disposables & Supplies 27,000 shares at $2.14.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than the last selling prices versus 4 stocks with lower offers.