TTSE: Trading sinks but Citizens rise

Monday, 4th November 2013 | Trading was very low on Friday last on the Trinidad Stock Exchange but it sank even lower on the first trading day of the week to a mere 39,609 shares, with a value of $649,052. Trading represented 12 securities of which 4 advanced, 3 declined and 5 traded firm.

First Citizens Bank price rose by 55 cents to end the day at $35.75 as it traded 11,213 shares valued $398,747; National Commercial Bank had 20,000 shares changing hands for a value of $22,800 as the price closed up 2 cents to reach $1.14; Guardian Holdings contributed 3,324 shares with a value of $49,860 and closed at $15, down 15 cents; while Scotiabank added 1,300 shares valued at $92,989 as the price moved up by 2 cents to $71.53, a new 52 weeks high.

TTSENov4Clico Investment Fund had a volume of 2,278 shares valued at $49,205 as the price fell 4 cents to close at $21.60.

IC bid-offer Indicator | At the end of trading there were bids for 3 stocks that were higher and 5 stocks on offer lower than the last selling price.

Ghana chucking along, up 76.72%

At the end of September, the African country’s stock market was up 68 percent but it has put on additional 8 percentage points by the first trading day in November.

In the week to November 1st, ten stocks gained versus only two to fall as the Ghana Stock Exchange index climbed to 2,120.18 points up from 2,094.70 at the end of the prior week.

The main movers for the week are, Ayrton Drugs Manufacturing which gained 6 percent in the week and closed at GH¢0.18. Ecobank Ghana closed up 8 percent at GH¢5.50, Mechanical Lloyd gained 3 percent for the week and closed at GH¢0.36, SIC Insurance was up 3 percent to GH¢0.39, UT Bank gained 2 percent to end at GH¢0.45.

The market is still showing signs that it will be going higher, with a number of stocks having bids higher than the last sale price and in some cases no stock on offer, and a number with bids placed at the last sale price with no supply around the last selling price.

Related posts | Ghana Stock market inching higher | Ghana stocks now up 71.4% | Ghana Stock Exchange rated best performing in Africa

FX: Trading up as J$ slips vs US$

Friday, 1st November 2013 | Friday’s trading in the foreign exchange market resulted in the equivalent of US$29,913,501 being purchased by dealers and $32,143,784 being sold.

Trading in US dollars saw more selling than buying with buying amounting to US$26,390.820 at an average rate of $104.64, up 32 cents and US$29,771,104 being sold at $105.14, up 9 cents for the day. C$1,500,625 was bought down 10 cents to end at $99.65 and C$910,603 was sold at $100.96 down by 14 cents. £1,176,225 was purchased resulting in a fall of $2.61 at $166.14 and £771.827 was sold at $169.13 down $2.45.

FX_TRADE+Currency+Nov1The highest buying rate for the US dollar was unchanged at $106.00, as well as the lowest which was unchanged at $85.34; the highest selling rate increased by 6 cents to $109.41 and the lowest remained $102.

The highest buying rate for the Canadian dollar was 25 cents up at $101.90 the lowest as unchanged at $80.01 while the highest selling was 69 cent down at $103.31 as the lowest moved up 15 cents to $96.55.

FX_TRADE+HighLow+Nov1The British Pound went down to $170.50 at the highest buying rate and was down 21 cents for the lowest buying rate at $135; selling was $2.71 lower at $171.59 for the highest selling rate and down 25 cents for the lowest at $162.65.

Image courtesy of Marcus/FreeDigitalPhotos.net

JSE: Market correction is over?

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Friday, 1st November 2013 | The IC Bid-Offer Indicator at the end of trading for the week and the first trading day for November is the strongest it has been for weeks with bids for 10 stocks higher that their last selling prices and only 1 stock on offer lower than the last selling price — a bullish indicator.

It would require more than a day with similar positive readings to confirm a sustained uptick in stock prices. What is clearly being indicated is that supply of stocks at the lower price levels is low.

The Jamaica Stock Market closed the week on a positive note even as the junior market index fell in trading today. The main indices moved up at the end of the day as 11 stocks advanced to decline of 5. The JSE Index closed at 82,190.30 up 358.14. The all Jamaica Index closed at 80,307.25 up 630.16 and the junior market index closed down 6.29 to end at 726.30. In overall market activity 4.2 million shares changed hands for a value of $25.66 million.

JSEIndicesNov1Stocks with meaningful activity are Caribbean Cement 49,749 units as the price closed at $2.19 up 12 cents; Carreras had 13,000 units traded up 5 cents to $40; Hardware & Lumber 11,600 as the price closed up 20 cents at $4.70; Jamaica Money Market Brokers had 10,650 units as the price closed at $8.12; National Commercial Bank Jamaica 74,867units closing up $1.49 at $18.49; Pan Jamaican Investment 11,800 unit traded firm to close at $48.01; Sagicor Investments 440,715 units closed at $15.99 while gaining 33 cents; Scotia Group 376,900 shares resulted in the stock closing firm at $20; Scotia Investments 2,000 up $2.48 to $28.5 and Proven Investments  8% was the only stock to trade in the preference segment as it resulted in 332,660 units at $5.09. JPS 9.5% non-redeemable preference shares were listed at the start of trading but did not trade nor was there a bid or offer at the close.

Junior market | Trading picked up in the junior market with Blue Power Group exchanging 75,100 units mostly at the closing price of $9.28; Caribbean Cream put in 18,000 units at $1.02 up 2 cents; Caribbean Flavours 35,387 units at $2.55; Caribbean Producers 860,000 units traded mostly at the closing price of $2 up 5 cents at the close; Dolphin Cove had 199,252 units changing hands at $8.25 as the stock gained 25 cents; General Accident Insurance had 31,830 units being exchanged ending at $1.65, up 3 cents; KLE Group traded 44000 units and hit another new all-time low of $1.37, down 3 cents while under pressure; Lasco Financial Services chipped in with 104,899 units at $1 down 12 cents and Lasco Manufacturing garnered 1,502,008 units to close at $1.45, up 4 cents.

TTSE: Almost no trades

Friday, 1st November 2013 | Trading on the first day on November took place in 12 securities of which 5 advanced, 5 declined and 2 traded firm but the level of trading on the Trinidad Exchange was at a parlous level with only 54,118 units valued at $1,047,965 trading.

Clico Investment Fund advanced by 4 cents to end at $21.64 while trading 36,823 shares valued at $796,695.

So low was trading in the main market that Jamaica Money Market Brokers with a mere 10,000 shares was the volume leader for the day as the price slipped to 61 cents followed by First Citizens Bank with a volume of 3,093 valued at $108,874 as the price closed at $35.20, up 20 cents. National Enterprises contributed 1,330 shares with a value of $23,900 and closed at $17.97, while Republic Bank added 892 shares valued at $100,252 to close at $112.39.

TTSENov1Unilever Caribbean gained 42 cents to end the day at $56.01 with only 12 shares. Elsewhere price changes were one or two cents per stock.

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

FX: Rates soften as buying more than sales

Thursday, 31 October 2013 | Buying of foreign currency was more than the selling as the equivalent of $30,722,115 was purchased by dealers while they sold the equivalent of $29,837,235. Rates moderated across the board except for the British pound that saw a rise in the selling rate.

Trading in the US dollar resulted in $23,396,287 being bought at 11 cents less than on Wednesday at $104.32 and selling amounted to $21,077,037, which was at $105.05, down 2 cents. The Canadian dollar buying rate declined by 22 cents to $99.75 as C$1,743,312 was bought and selling took place at $101.10, down 79 cents with sales of C$1,335,440.

The British Pound fetched $168.74, which was off by 40 cents as there was purchasing for £3,360,100 while selling amounted to £4,403,449 at $171.59, up 99 cents.

FX_TRADE+Currency+Oct31Highs Lows | Unlike the spot rates, the highs and lows in trading was mixed with the rate US dollar slipping by 30 cents to $106.00 as the low went up 17 cents to $85.34. The high point for selling was a 21 cent increase to $109.35 and the low was at $102.00, up all of $16.83.

The Canadian dollar buying rate went as high as $101.65, a fall of 35 cents and the low was up by 8 cents to $80.01. The high for selling was at $104.00, a 50 cents increase and the low for selling was at $96.40, up 10 cents.

FX_TRADE+HighLow+Oct31The Pound went as high as $171.25 when bought by dealers, a 25 cents climb and as low as $135.21, down by 74 cents. The high in selling was at $174.30, a fall of 97 cents and the low was at $162.90, up a big $26.95.

JSE: Indices most up but . . .

Thursday, 31 October 2013 | Trading on the Jamaica Stock Exchange on Thursday remained subdued with stocks of 28 companies trading resulting in only 4 advancing and 12 declining with a total of 4,568,270 shares trading valued at $23,381,135. The main market indices were up as well as the US dollar index but the junior market fell.

Main Market | Trading in Carreras has been picking as investors await the dividend and profit announcement for the September quarter; the stock had 33,706 shares changing hands firm at $40, Grace Kennedy had 8,050 trading to close at $55 up $1.30 while Jamaica Broilers had 35,994 units firm at $4.50. Mayberry Investments exchanged 74,524 units at $2. National Commercial Bank traded just 32,350 units to close at $17 down $1.35 at the end. Pan Jamaican had 5,640 units traded at the end at $48.01; Proven Investments ordinary traded 198,376 units at 11.61 US cents down .0029 cents; Scotia Group 248,654 units traded to closed firm at $20.

In the preference section, Jamaica Money Market Brokers 7.50% traded 1,695,797 unchanged at $2 and the 8.75% traded 339,373 to close at $2.98, which was off by 2 cents and Proven Investments Limited 8% traded 461,875 units to close $5.09.

JSEIndicesOct31Juniors | The junior market has been showing more signs of weakness and the market closed the day in that same mode. In trading, Access Financial Services changed 437,251 units at $8.28; AMG Packaging dropped 50 cents in trading 10,000 units to close at $3.50 in the aftermath of the annual results showing 48 cents earnings versus 47 cents in 2012. Caribbean Cream had just 13,000 units as the price closed at $1 off by 2 cents. Caribbean Flavours 7,816 units resulted in a close of $2.55. Jamaican Teas sold 423,959 units at $3.80, off by 10 cents. Lasco Distributors 389,600 resulted in an ending price of $1.45. Lasco Financial Services 75,744 units resulted in the price falling 3 cents to $1.12 and Lasco Manufacturing exchanged 50,900 and closed at $1.41, down 4 cents.

IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed bids for 6 stocks being higher and 6 stocks with offers lower than their last selling price.

TTSE: Witco up $1, Citizens drops $2.50

Thursday, 31st October 2013 | West Indian Tobacco Company price jumped $1.00 to end the day at $120 as only 124 units traded and First Citizens Bank dropped back by $2.50 to close at $35 trading 9,559 shares valued at $336,475.

Trading picked up somewhat on the Trinidad Stock Exchange with stocks of 15 companies trading compared to 12 on Wednesday.  Trading activity resulted in 5 advancing, 2 declining and 8 traded firm as 80,041 shares changed hands valued at $1,615,517.

Jamaica Money Market Brokers had a volume of 14,483 shares traded for $8,979 to close firm at 62 cents; Neal & Massy Holdings contributed 11,000 shares with a value of $634,150 and gained 8 cents to close at $57.65. Point Lisas traded 8,900 units firm at $3.77; Sagicor Financial Corporation saw trading in 14,600 shares for a value of $105,850 and the price closed unchanged at $7.25; Ansa Merchant Bank traded just 10 shares but gained 80 cents to close at $38.60.

TTSEOct31Clico Investment Fund had a volume of 15,002 shares valued at $323,993 trading as the price advanced by 10 cents to end at $21.60.

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

FX: Selling & buying matched

Wednesday, 30th October 2013 | On Wednesday, trading in the foreign exchange market resulted in the equivalent of US$25,072,635 being purchased by dealers and $25,644,245 being sold.

Trading in US dollars was virtually even with buying of US$19,459,826 at an average rate of $104.43, up 3 cents and US$19,349,509 being sold at $105.08, up 3 cents for the day. C$3,081,133 was bought up 83 cents to end at $99.97 and C$4,541,925 was sold at $101.89 down by 14 cents. £1,522,895 was bought resulting in an increase of $1.63 at $169.14 and £1,065,989 was sold at $169.83 up 76 cents.

FX_TRADE+Currency+Oct30The highest buying rate for the US dollar was $106.30 up 40 cents and the lowest was unchanged at $85.17; the highest selling rate fell by 21 cents to $109.14 and the lowest dropped by $16.83 to $85.17.

The highest rate for the Canadian dollar was 60 cents up at $102.00 the lowest as unchanged at $79.93 while the highest selling was 50 cents down at $103.50 as the lowest remained unchanged at $96.30.

FX_TRADE+HighLow+Oct30The British Pound went up by 25 cents at $171.00 at the highest buying rate and was up 24 cents for the lowest buying rate at $135.95; selling was 33 cents higher at $175.27 for the highest selling rate and $27.55 down for the lowest at $136.95.

JSE: Trading remains low

Wednesday, 30th October 2013 | Trading remained low on the Jamaica Stock Exchange with 1,231,072 units changing hands valued at $8,642,067 with the number of stocks advancing at 8 versus those 4 that declined. The main market index shed 35.94 points to end at 81,639.52; the all Jamaica index closed at 79.338.15 down by 63.23; the junior market index ended at 742.56 off by less than a point.

Main Market | Carreras traded just 6,007 units and gained 96 cents to close at $40. Gleaner posted 18,150 units at $1.11; Grace Kennedy chipped in with 71,100 units to close down $1.20 at $53.70; Jamaica Broilers exchanged 27,425 units up 24 cents at $4.50; Jamaica Money Market Brokers traded 22,662 units to close at $8.12; Kingston Wharves had 27,000 units changing hands at $5.60 up two cents; Mayberry Investments had 78,641 units trading down 15 cents at $2; National Commercial Bank sapped 26,138 units in closing up 35 cents at $18.35; Sagicor Life 94,880 units traded firm at $8.10; Scotia Group Jamaica traded 26,090 units to close unchanged at $20.

Proven Investments 8% preference stock traded 292,600 units while closing firm at $5.09.

JSEIndicesOct30Junior Market | Trading in the junior market saw Blue Power trading 6,934 units to close firm at $9.28; Caribbean Flavours trading 7,882 units firm at $2.55; Caribbean Producers delivered 15,136 units to close unchanged at $1.99; Dolphin Cove traded 20,248 units at $8; Lasco Distributors traded 146,580 units to close up a cent at $1.46; Lasco Financial Services closed unchanged at $1.15 with 67,644 shares changing hands and Lasco Manufacturing put in60.600 units to close firm at $1.45.

IC bid-offer Indicator| At the end of trading, the bid-offer indicator is showing a market that is moving sideways for a while, with bids for 8 stocks being higher and 6 stocks with offers lower than their last selling price.