Trading Activity — Page 934

TTSE: Republic Bank set to rally?

October 9, 2013 by IC Insider.com

Wednesday, 9th October 2013 | Republic Bank seems poised to break out even as it traded just 389 units unchanged at $110.05 on the Trinidad Exchange. There was demand for 46,879 units on the bid at $110.05 with no stock offered at the close of trading, suggesting that the price is set to rise as the valuation based on PE is just 15 compared with more than 22 for both Scotia and First Citizens Bank.

Trading continues to be low on the Trinidad & Tobago Stock Exchange as market activity resulted in trading in 13 securities of which 3 advanced, 4 declined and 6 traded firm with 464,217 units valued at $5,961,096. National Enterprises closed at a 52 weeks high of $17.04 but with a very small volume.

Recently listed First Citizens Bank traded 14,436 units valued at $505,260 to close firm at $35; Guardian Holdings suffered a loss of 50 cents to close at $15 as 1,457 units were traded; Jamaica Money Market Brokers saw 196,280 shares changing hands for a value of $108,294 as it closed down a cent at 55 cents; Point Lisas with 31,000 shares worth $117,800 increased by 5 cents to end the day at $3.80. Neal & Massy Holdings contributed 24,903 shares with a value of $1,407,329 to close firm at $56.50, while National Flour Mills added 18,500 shares valued at $16,835 and closed at 91 cents after losing a cent on the day.

Clico Investment Fund in posting a volume of 172,060 shares valued at $3,666,932 declined by 12 cents to end at $21.31.

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

JSE: Poor run continues

October 8, 2013 by IC Insider.com

Tuesday, 8th October 2013 | The Jamaica Stock Market continued its recent negative run on Tuesday as the prices of 16 stocks fell to only 3 that recorded gains. The day saw Scotia Group with 8,073,038 units carrying a value of $165,517,642 trading as the price closed at $20.50, down 50 cents on the day. There were 12,893,800 units changing hands with a value of $195.44 million.

The JSE main index closed at 84,093.36 a decline of 178.23, the all Jamaica Index fell to 83,655.66, off by 313.60 and the junior market was up by 24.05 to 755.53.

Main market | On one of the days with high level of participation, infrequent trader Berger Paints swapped 463,361 units to close at $2.26 for a value of $1,042,288; Carreras that is under pressure based on drop in sales and negative views about the recent and poorly executed smoking ban saw just 9,698 shares changing hands with a value of $436,276 as the price closed at $44.79, down by 21 cents. Caribbean Cement gained 12 cents to close at $2.05 on 14,542 units; Desnoes & Geddes’ 62,616 units resulted in the price closing at $4.51, being down a cent; Gleaner Company that has been having pressure on its profit exchanged 1,070,850 units valued at $1,262,978 to close at $1.15, down by a cent; Jamaica Broilers lost 8 cents while trading 15,330 units to close at $4.52; Jamaica Money Market Brokers saw 100,000 units valued $800,000 traded as the price closed at $8, up 10 cents.

National Commercial Bank traded 79,771 units valued at $1,475,786 to close at $18.50 and lost 50 cents; Pan Jamaican Investment traded 166,500 units valued at $8,158,713 to close at $49; Sagicor Investments traded 177,490 units with a value of $2,937,460 to close at $16.55 down by 45 cents. Sagicor Life traded 27,645 units to close at $9; Scotia Investments traded 25,360 units to close at $26.18, down by 8 cents; Seprod traded 400,000 units with a value of $5,560,000 to close at $13.90 down 10 cents; Supreme Ventures gained 18 cents to close at $2.73 with 12,400 shares; Proven Investments 8% preference shares traded 1,034,140 units valued at $5,263,773 to close firm at $5.09.

Junior market | Caribbean Cream exchanged 20,000 units to close firm at $1; General Accident Insurance lost ground as 14,000 units traded to close at $1.61, down by 29 cents; Lasco Distributors lost 2 cents with 29,325 units to close at $1.48; Lasco Financial Services traded 1,005,106 units to close down 5 cents at $1.20 and Lasco Manufacturing traded 40,512 units to close at $1.50, down 5 cents.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 5 stocks being higher and 5 stocks with offers lower than their last selling price.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

TTSE: Angostura at 52 weeks high

October 8, 2013 by IC Insider.com

Tuesday, 8th October 2013 | The volume of trading picked up and so was the amount invested on the Trinidad & Tobago Stock Exchange as there was trading in 10 securities of which 4 advanced, 2 declined and 4 traded firm. Trading activity accounted for a volume of 477,551 shares valued at $8,032,797. There were two stocks that hit 52 weeks high, Angostura Holdings at $11 and National Flour Mills at 91 cents.

Trading picked up for First Citizens resulting in 172,905 shares changing hands for a value of $6,051,857 as the price closed at $35; National Flour Mills traded 113,561 units valued at $104,074 and closed up 5 cents to 91 cents a new 52 weeks high; Scotia Investments Jamaica contributed 55,000 shares with a value of $107,250, as the price closed firm at $1.95 while Trinidad Cement added 48,247 shares valued at $103,731 and the price remained unchanged at the end of trading. Sagicor Financial Corporation exchanged 5,197 shares for a value of $37,678 as the price closed unchanged at the end of the day at $7.25.

Angostura Holdings exchanged 4,639 units as the stock traded at a new 52 weeks high of $11 by gaining 50 cents for the day. Clico Investment Fund posted a volume of 64,899 shares valued at $1,390,999.47 as the price declined by $0.04 to end at $21.43.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the bids for 3 stocks being higher and 2 stocks with offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

JSE: Pan Jam dominates

October 7, 2013 by IC Insider.com

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Monday, 7th October 2013 | Trading on the Jamaica Stock Exchange was dominated by Pan Jamaican Investment Trust with 2,337,726 shares valued at $114,570,615 to close at $49, down $1.01.

The market started the week on a losing note as 10 stocks fell with 5 advancing resulting the market indices falling except for the Junior market. The JSE main index closed at 84,271.59, a decline of 128.23; the all Jamaica Index fell to 83,969.26 off by 225.63 and the junior market was up by 10.35 to 779.58. Trading volume climbed to 7,493,963 units at a value of $162,072,928.

Apart from Pan Jam, Grace Kennedy had a good volume of 506,967 units costing $28,390,506 with the price ending at $56 down 50 cents and National Commercial Bank had 475,649 units valued at $8,808,290 to close at $19 for a loss of 33 cents. Grace traded at the equivalent of $63 in Trinidad on Monday, quite a difference from the $56 price trading in Kingston.

Barita Investments exchanged 501,500 units as the price closed at $2.40 down by 9 cents valued at $1,203,600; Cable & Wireless 34,200 traded firm at 18 cents; Carreras only had 1,400 trading down 10 cents to $45; Caribbean Cement 3,500 units to trade to close at $2.01 down 19 cents; Gleaner 33,720 $1.16, down a cent; Jamaica Broilers Group 5,492 units $4.60 up 8 cents; Jamaica Money Market Brokers traded 41,551 units at $8 valued at $327,369 as the stock lost 20 cents during trading; Mayberry Investments contributed 607,886 units that traded firm at $2.60 for a value of $1,580,504; Radio Jamaica traded 1,542,283 units to close at $1.31, down 9 cents, carrying a value of $2,021,864; Scotia Group exchanged 35,473 units to close firm at $21 valued at $744,943; Jamaica Money Market Brokers 8.75% traded 1,000,000 units at $3 for a value of $3,000,000; Proven Investments 8% preference shares traded 124,000 units firm at $5.09 valued at $631,160. Sagicor Investments gained 45 cents to land at $17 with 3,119 units changing hands.

Junior Market | Caribbean Cream traded 38,903 traded firm at $1; Caribbean Producers chipped in with 30,000 units to close firm at $2.09; Dolphin Cove gained 65 cents to close at $8.65 with only 1,115 units; KLE Group fell to another all-time low with 10,000 shares changing hands at $1.40 down 21 cents; Lasco Distributors only traded 10,515 units trading to close at $1.50 up by a cent; Lasco Financial Services traded 16,612 firm to close at $1.25 and Lasco Manufacturing traded 53,073 units firm at $1.55.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed a slight bias to lower prices for some stocks with bids for 6 stocks being higher and 7 stocks with offers lower than their last selling price.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

TTSE: Trading levels drop again

October 7, 2013 by IC Insider.com

Monday, 7th October 2013 | The prices of three stocks hit new 52 weeks high on Monday on the Trinidad & Tobago Stock Exchange as there was trading in 13 securities of which 5 advanced, 1 declined and 7 traded firm.

There was trading in 192,629 shares valued at $2,939,673. First Citizens Bank contributed 20,753 shares with a value of $726,606, while Jamaica Money Market Brokers added 8,500 shares valued at $4,675; Prestige Holdings closed firm at $9.40 with 4,051 units; Sagicor Financial Corporation exchanged 50,000 shares for a value of $362,380; Scotia Bank traded 5,483 units to close at a 52 weeks high of $70.25, an increase of 20 cents; Trinidad Cement with 41,039 shares being traded for $88,234.

Grace Kennedy traded 1,000 shares to close at $3.80, an increase of 29 cents as the closing price ended at the equivalents of JS$63 while it traded at J$56 on Monday on the Jamaica Stock Exchange. Conversely, Scotia Investments declined by 4 cents to end the day at $1.95 as a mere 209 shares changed hands.

Clico Investment Fund had 60,080 shares changing hands valued at $1,290,203 as the price advanced by 16 cents to end at $21.47.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the bids for 5 stocks being higher and 2 stocks with offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

FX: Jamaican dollar climbs above $104

October 4, 2013 by IC Insider.com

Friday, 4th October 2013 | The Jamaican dollar climbed above $104 to the US dollar for the first time as dealers sold US$62 million at $104.05, an increase of 7 cents over the price on Thursday.

Dealers bought only US$24.2 in contrast but at 28 cents higher than Thursday at $103.37. It cost 24 cents for dealers to buy the Canadian dollar as they bought C$903,944 at $98.734 and sold $2.6 million at $102.31, 24 cents over Thursday rate. For the Pound, dealers bought £1.16 million at $1.14 lower at $165.25 and sold £738,119 at $168.75, 12 cents lower than on Thursday. Overall there was buying of the equivalent of US$27 million and selling of US$65.95 million.

Highs & Lows | The US Dollar was bought as high as $104.90, a reduction of 15 cents and the sold US dollar at a low of $101.30 or 80 cents more for the day. The lowest buying rate remained static at $84.75 as did the highest selling rate at $108.61.

The Canadian was 20 cents higher for the highest buying rate which ended at $101.70. The British Pound increased by 20 cents for the highest buying rate that ended at $170, while the lowest buy rate fell 37 cents to $134.92. The highest selling rate for the Pound fell $3.12 to $171.50 but the lowest selling rate climbed 60 cents to $162.55.

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

JSE: Declining stocks hits advancing

October 4, 2013 by IC Insider.com

Friday, 4th October 2013 | The Jamaica stock market closed down on the last day of the week as 11 stocks fell with 6 advancing resulting the market indices falling sharply. The JSE main index closed at 84,399.82, a decline of 640.92; the all Jamaica Index fell to 84,194.89 off by 1,127.68 and the junior market was down by 3.40 to 769.73. Trading volume climbed to 12,147,981 units but most were low priced Cable & Wireless and Gleaner Company stocks resulting in only $13,968,037 of trading.

Cable & Wireless landed 4,020,000 units as the price closed down a cent at 18 cents; Carreras exchanged 23,390 units to close down 90 cents at $45.10; Caribbean Cement chipped in with 167,905 units as it gained cents to close at $2.20; Gleaner Company 6,900,078 units to close at $1.17; Jamaica Stock Exchange traded 20,000 units to close at the IPO price of $2.85; Mayberry Investments 10,738 $2.60; Sagicor Investments traded 15,000 units to close firm at $16.55; Sagicor Life 20,843 units at $9; Scotia Group 70,032 at $21; Jamaica Money Market Brokers 7.50% 100,000 units at $2; Jamaica Money Market Brokers 8.75% 70,000 $3 and Proven Investments 8% 39,650 $5.09.

Junior market | Dolphin Cove traded 27,141 units to close down 20 cents at $8; General Accident 35,000 units to close at $1.90, down 9 cents; Lasco Distributors gained a cent as 36,866 units changed hands to close at $1.49 and Lasco Financial Services traded firm as 436,543 units traded to close at $1.25.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

TTSE: Returns to low trading

October 4, 2013 by IC Insider.com

Friday, 4th October 2013 | Activity on the Trinidad Stocks Exchange on Friday was moderate with trading in just 7 securities of which 3 advanced, 3 declined and 1 traded firm. The low level of trading is reflected in only 223,296 units changing hands valued $2,933,256 but with two stocks reaching new 52 weeks high.

Jamaica Money Market Brokers traded 134,333 shares for a value of $73,883 as the price remained firm at 55 cents. First Citizens Bank traded only 45,585 shares valued at $1,595,712 as it closed a cent up to $35.01. National Enterprises contributed 5,500 shares with a value of $93,605 while the price moved up to $17.02, up by 20 cents for a new 52 weeks high. Republic Bank added 3,927 shares valued at $432,088 and lost a cent in the process to close at $110.03. Trinidad Cement fell 5 cents to close at $2.15 trading 724 shares and Unilever closed up a cent at $55.53 with 827 units trading, a new 52 weeks high.

Clico Investment Fund declined by $0.20 to end at $21.31 with 32,400 shares valued at $690,488.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 2 stocks being higher and 3 stocks with offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

Non-Traditional exports up

October 4, 2013 by IC Insider.com

Jamaica’s Non-Traditional Exports earnings continue to record growth for the first six months this year over the similar period in 2012. Earnings from the segment rose by US$28 million or 7.8 percent to US$387 million. “Other” non-traditional domestic exports rose by 17.4 per cent to earn US$283.9 million. This was due to the significant increase in “Chemicals (incl. Ethanol)” of US$65.8 million, which recorded a value of US$96.5 million. “Food” increased by 0.8 percent to earn US$71.8 million.

Jamaica imported US$129.6 million less goods for the first six months of 2013 than for the similar period last year, while exports remained fairly flat resulting in an improvement in the large trade deficit the country has had for several years. During the 2013 period the merchandise trade deficit fell to US$2,257 million from US$2,386 million in the 2012, a decline of 5.4 percent. The movement is in the right direction but will need to undergo further substantial change during the life of the IMF agreement.

Image courtesy of Sommai/FreeDigitalPhotos.net

Exports | Total exports during the six months to June 2013 were US$852 million, virtually the same amount as in 2012. Earnings from total traditional exports accounted for US$429 million, down from US$459 million in the comparable period of 2012, a US$30 million decrease or 6.6 percent. The decline is due to a fall in the “Manufacture” group. Earnings from this group accounted for US$80.9 million or 18.9 percent of total traditional exports during the first six months of 2013, a fall of US$43 million or 34.8 percent. Despite the overall decline in the exports of major traditional domestic exports, the “Agriculture” group increased earning by US$14.5 million, when compared to the US$11.2 million in the 2012 period. This was due largely to higher exports of ‘Coffee’ which rose from US$8.2 million to US$10.9 million in the 2013. ‘Citrus’ moved from US$1.5 million in the 2012 period to US$3 million in the current 2013 review period. “Mining and Quarrying” earned US$333 million during the first half of 2013, up from US$324 million in the 2012 period.

Imports | Imports during the first six months was US$3,109 million, down from US$3,239 million in the comparable 2012 review period. The Jamaica Free Zone accounted for US$237 million of imports in 2013. The major commodities imported were “Mineral Fuels, etcetera”, “Food”, and “Chemicals”, “Machinery & Transport Equipment”, “Manufactured Goods” and “Miscellaneous Manufactured Articles”. “Mineral Fuels, etcetera” accounted for 35.9 percent of imports as spending on this commodity fell by US$218 million or 16.3 percent. Expenditure on “Machinery and Transport Equipment” decreased by US$3.4 million to US$439.5 million for this period. “Manufactured Goods” declined to US$285 million, a fall of US$26 million. Lower imports of ‘manufactures of metal’, ‘non-metallic mineral manufactures’ and ‘paper, paperboards & articles of paper pulp’ were the reasons for this decline.

CARICOM trade imbalance | Imports from CARICOM during the first six months of this calendar year, was US$432 million representing 13.9 percent of total imports from the rest of the world. Imports decreased by US$105 million or 19.5 percent, below the US$537 million for the January to June 2012 period. Contributors to the downward movement in imports were: “Mineral Fuels, etcetera” falling by 28.5 percent or US$115 million to US$288 million. “Manufactured Goods” fell by 9.8 percent to US$11.3 million while “Chemicals” moved from US$15.4 million to US$13.9 million in the current 2013 review period. “Food” valued at US$86 million was up from US$75 million an increase of US$11 million or 13.6 percent. Other major imports namely “Beverages & Tobacco” and “Misc. Manufactured Articles” moved up and were valued at US$20 million and US$7 million respectively.

Total exports to CARICOM were valued at a mere US$33 million for the January to June 2013 period, down from US$35 million in the 2012 period. Domestic exports amounted to US$28 million, down from US$30 million in the 2012 period. “Chemicals” was valued at US$3 million, down from US$6.5 million recorded in the similar 2012 period. Earnings from “Food” increases was valued at US$16 million, up from the US$15.4 million exported in the corresponding 2012 review period. “Beverages & Tobacco” had a positive impact on the growth in exports and was valued at US$5.2 million compared to the US$4.8 million recorded in the similar 2012 review period. For the period under review, Jamaica incurred a trade deficit of US$399 million with CARICOM. When compared to the US$501 million deficit recorded for the 2012 period, the trade deficit narrowed by US$102.4 million or 20.4 percent.

Related posts | Trades deficits narrows to May

Image courtesy of Sommai/FreeDigitalPhotos.net

Filed Under: Economy Tagged With: Economy, GOJ, Trading Activity

FX: Slippage continues

October 3, 2013 by IC Insider.com

Thursday, 3rd October 2013 | Trading in the Forex market picked up on today with the equivalent of US$3.7 million being purchased and US$41 million being sold with the rate for the Jamaican dollar slipping further at the end of trading.

Trading in US dollars resulted in US$23.8 million of that currency being purchased at $103.09, a 3 cent increase over Wednesday’s rate and selling amounted to US$36 million at $103.98 an increase of 20 cents over the prior rate.

The buying rate for the Canadian dollar moved up by 24 cents to $98.49 as C$1 million was purchased and CS$511,633 was sold at $100.67 or 30 cents up for the day.

The British Pound cost $1.22 more to purchase at $166.38 as dealers bought £2.967 million and sold the Pound at 69 cents cheaper at $168.86 as £2.09 million was sold.

There were mixed results for the highest and lowest buying and selling rates. The highest buying rate for the US dollar fell 75 cents to $105.05 and the lowest selling rate was down 80 cents to $100.50 but the rates for the lowest buying and the highest selling remained unchanged at $84.75 and $108.61 respectively.

The Canadian dollar’s highest buy rate moved up 40 cents to $101.50 with all others remaining unchanged at $80.51, $103.79 and $97 respectively. The highest buy rate for the Pound was 30 cents more at $169.80 with no change to the lowest at $135.29, while the highest selling rate was up 21 cents to $174.62 and the lowest declined 55 cents to $161.95.