Trading Activity — Page 936

FX: More in, more out

September 27, 2013 by IC Insider.com

Friday, 27th September 2013 | More flows came into the forex market on Friday than the day before, as dealers bought the equivalent of US$23.94 million and sold US$21.8 million.

All spot rates increased with the US dollar selling for 14 cents more than on Thursday at $103.50 and purchases were made at 26 cents higher at $102.74. Dealers bought US$21 million of the US dollar currency and sold US$19.78 million.

The highest and lowest rates for the US dollar were $104.30, an increase of 5 cents for the highest buying rate, while the lowest selling rate slipped by 50 cents to $100. The rates for the lowest buying and highest selling remained unchanged at $84.50 and $108.61 respectively.

The Canadian dollar buying rate climbed 30 cents to $98.24 as dealers bought C$794,469 and sold C$553,957 at 29 cents more than on Thursday and closing at a rate of $100.29. The highest buying rate for the Canadian was 10 cents up at $100.70 and the lowest was 17 cents down at $80.34. The highest selling rate was $104.11, the same rate as on Thursday and the lowest was at $96.80 or 20 cents lower than the previous closing rate.

The British Pound gained 28 cents to close trading at $163.96 with £1,197,656 purchased by dealers and selling was for £725,296 at $167.37, $1.32 higher than on Thursday.

There was no change in the lowest buying rate for the Pound at $134.54, but the highest buying rate increased by $1.80 to close at $168.30. The highest selling rate declined by $3.98 to $169.47 and the lowest selling rate increased by $1.95 to $161.95.

TTSE: PE ratio changes for the top 5

September 27, 2013 by IC Insider.com

Friday, 27th Friday 2013 | There have been a few changes to the PE Ratio rankings this past week as prices moved a bit on the Trinidad Stock Exchange resulting in changed positions for the Top 5 Stocks with the highest potential gains.

National Flour dropped from the second spot for potential gain to fourth due to the price increasing to 89 cents at the end of the week. Guardian moved up to the second spot while Agostini’s dropped below National Enterprise to tenth position by a moderate increase in price. Meanwhile despite a loss of 4 cents, Trinidad Cement still holds on to the Number One spot with nearly a 500% potential gain.

The Top 5 companies with the most potential are Trinidad Cement, Guardian Holdings, Berger TT, National Flour and Neal & Massy.

Newly listed First Citizens remains off the buy list with the stock being fully valued and is hemmed in by the values of other bank stocks like Scotia and Republic Bank.

Filed Under: Company News, Stock Market, Stocks to watch, TTSE Market Tagged With: PE Ratios, Trading Activity, TTSE

JSE: Standoff continues

September 27, 2013 by IC Insider.com

Friday, 27th September 2013 | The standoff between buyers and sellers continued at the Jamaica Stock Exchange with only 17 stocks trading on a day when there were 5 stocks advancing to 2 that declined. The all Jamaica Index closed down 229.56 at 83,992.98 while the JSE composite market index closed at 84,285.07m off by 130.47 and the junior market fell by less than a point at 761.81.

On another trading day that was not very active, a total of 3,304,133 shares traded valued at only $12,213,637 as trading was dominated by Lasco Distributors with 1,446,912 units and Proven Investments 8% 930,915 units.

For the week, the market recorded a decline for the two market indices and the junior market had a slight increase. However, investors should not be fooled by the declines as the supply of stocks is low in many cases and the moving average technical indicator is flashing positive signals for the period ahead.

Main Market | The number of stocks with meaningful volume in the market were not many. However, Gleaner Company put in a volume of 60,000 as it traded firm at $1.18; Jamaica Broilers Group had only 16,254 units with the price closing at $4.90 gaining 10 cents in the process; Jamaica Producers Group traded firm at $18.25 with 20,086 shares; Kingston Wharves dropped 89 cents to $6.01 as 7,000 shares changed hands; National Commercial Bank had one of the more buoyant trading session in recent weeks with 170,697 as the price gained 60 cents to close at $19.50; Scotia Group exchanged just 1,190 units at $21 for an increase an of 21 cents. Jamaica Money Market Brokers 8.75% traded 205,000 firm at $3 with a value of $615,000 and Proven Investments 8%, 930,915 units traded firm at $5.09 for a total value of $4,738,357.

Junior market | Only stocks of 3 companies traded with Caribbean Producers trading 33,812 units firm at $2.10; General Accident Insurance, fresh from announcing a second interim dividend for the year, put in one of its better days with 385,896 units and closed at $1.80, up 10 cents and Lasco Distributors had a good day with 1,446,912 but closed down 6 cents to $1.44.

Market intelligence | There are limited supplies for a number of stocks. For example, National Commercial Bank has buying around the $18.50 level as buyers try to get the stocks as cheaply as possible, but there is not much selling below $24. With less than 400,000 units on offer at the end of trading on Friday, the market is thin for the stock. For Scotia Bank, some buying is around the $20-21 mark and selling mostly around $22.50 to $24. Sagicor Life has only 6 offers for less than 130,000 units between $9 and $11 while buying is between $8 to 8.50. There is good support for Pan Jamaican Investment at $48 as the stock retreated in price in recent days. Jamaica Broilers seems to have come in for some selling during the week with the price falling to the $4.60 level, while supply has increased just above $5 and demand has pulled back below $4.80.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 6 stocks being higher and 6 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: Waiting to exhale

September 27, 2013 by IC Insider.com

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Friday, 27th September 2013 | Overall Market activity resulted from trading in 14 securities of which 4 advanced, 5 declined and 5 traded firm as 825,495 units traded priced at $12,833,131. This is in stark contrast to 8 advancing to 2 declining on the day before.

National Enterprises traded at a new 52 weeks high of $16.11 on Thursday and closed the week at $16.12, another 52 weeks high with miniscule volume.

First Citizens, which climbed $1 to close at $36 on Thursday, fell $1 to close at $35 with 183,959 shares trading for $6,464,811. Guardian Holdings fell 50 cents to close at $15 as 11,788 units traded. Jamaica Money Market Brokers had 362,000 shares changing hands, valued at $181,000 and closed firm at 50 cents; First Caribbean International Bank contributed 114,413 shares valued at $772,188 as the stock traded firm at $6.75; while ANSA McAL added 74,423 shares valued at $4,934,206 while losing 20 cents to close at $66.50. Trinidad Cement traded 17,751 units firm at $2.21.

National Flour Mills’ price increased by 7 cents to end the day at 86 cents with 54,158 units. Sagicor Financial, which had a big day on Thursday with 1,116,665 shares trading, only managed to move 1,490 units on Friday as the price closed at $7, off 30 cents. Clico Investment Fund, posted a volume of 2,411 shares valued at $52,025 as the price declined by $0.22 to end at $21.58.

With nearly half of the stocks listed having no stocks on offer, it is a pretty good indication that prices for many of these will be rising in the days or weeks ahead.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 4 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: Spot rates mostly lower

September 26, 2013 by IC Insider.com

Thursday, 26th September 2013 | The forex market was charaterised by falling rates on the spot market but rising rates for the highest and lowest rates for trading. The level of trading fell as buying accounted for US$21 million and selling was lower at just US$18 million.

The buying rate for the US$17.88 million purchased came out at $102.48 or 16 cents more than on Wednesday. The selling rate inched up 2 cents and closed at $103.36 for US$15.79 sold. The highest buy rate climbed by 25 cents to $104.25 and the lowest rate remained unchanged at $84.50, while the highest selling rate was unperturbed at $108.60 but 40 cents was added to the low which ended up at $100.50.

An amount of C$532,751 was purchased by dealers at a reduced rate of 48 cents to end at $97.94 and they sold C$440,109 at 78 cents less than on Wednesday at $100.20.

There was no change to the highest and lowest buying rate for the Canadian dollar of $100.60 and $80.51 respectively, but the selling rate rose $2 for the high and $1.60 for the lowest which ended at $104.11 and $96.60 respectively.

£1,219,948 was purchased at $163.68 or $1.20 less than on Wednesday and selling was for £896,814 at $166.06, $1.04 less.

The highest buy rate for the Pound moved down by $1.60 to $166.50 and rose by $1.32 to $134.54 for the low. The highest sell rate moved up by $1.72 to $173.45 and at the low, it ended at $160.00 after rising by $1.45.

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

JSE: Stand off

September 26, 2013 by IC Insider.com

Thursday, 26th September 2013 | Jamaica’s stock market may have improved measured by gains in today’s trading but there seems a standoff between buyers and sellers as sellers are asking prices that are generally higher than the current selling prices that buyers have been pulling in the past week or two.

Trading was slow with stocks of only 18 companies trading and just 2,444,915 units valued at $11,342,355 changing hands. The advanced decline ratio was positive at 7 to 3 as the main indices rose. The main index climbed by 292.73 to close at 84,415.54; the all Jamaica index, the best indication of the local market activity, rose 515.05 to 84,222.54 and the junior market index rose 3.56 to close at 762.70. Daily trading suggests a weak market but there are undercurrents that suggest otherwise. Watch the technical indicators, therein lies the true story and critical one is flashing bull signal.

Main Market | In today’s trading Carreras exchanged 10,870 units at $47.20 up 20 cents; Caribbean Cement 16,829 units cost $2.10 each a reduction of 10 cents; Gleaner Company’s 100,000 units resulted in a closing price of $1.18, down by a cents; Kingston Properties changed 30,000 units as the stock closed firm at $4.50; while Scotia Group chipped in with 140,959 units as the price closed firm at $21 and its subsidiary Scotia Investments added 62,192 units to the total at $26.50 each for an increase of 24 cents. National Commercial Bank lost 40 cents as the price closed at 18.60 after trading earlier at $9 but only 3,279 units changed hands.

Junior market | Access Financial Services 26,000 $8.50, up 22; Caribbean Producers traded 30,000 units firm at $2.10; Lasco Distributors 76,365 changed hands to close at $1.50 up by 2 cents and Lasco Financial Services participated with 1,137,554 and closed firm at $1.20.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 7 stocks being higher and 3 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: Is Trini Market ready to party?

September 26, 2013 by IC Insider.com

Thursday, 26th September 2013 | A number of stocks moved up quite a bit in today’s trading on the Trinidad stock market as the market enjoyed one of the more buoyant days, both in terms of the value of trading and the number of participating companies.

A look at the closing prices suggest that the market could be picking up with demand for a number of stocks and no supply being there to match the bids. It could be that with funds tied up for a nearly two months in the First Citizens Bank IPO, investors are coming back into the market to buy stocks.

Trading took place in 19 securities of which 7 advanced, 3 declined and 9 traded firm as 2,218,098 units valued at $25,102,105 crossed the floor of the Exchange.

Foremost amongst today’s trades is newly listed First Citizens Bank that climbed $1 to close at $36 with 55,270 units trading valued at $1,982,927; Clico Investment Fund jumped to $22, a gain of 45 cents as 594,899 shares valued at $12,967,359 traded; National Flour traded up on a volume of 8,856 to close at 79 cents, an increase of 2 cents; Agostini’s exchanged 10,000 shares to close at a 52 weeks high of $17.60 for a gain of 35 cents; First Caribbean International Bank put in a volume of 12,274 units to close firm at $6.75; National Enterprises put in a small volume of 1,000, enough to lift the price to a new 52 weeks high of $16.11.

Sagicor Financial had 1,116,665 shares changing hands for a value of $7,738,155 as the price closed at $7.30 up 30 cents for the day; Jamaica Money Market Brokers traded firm at 50 cents with 377,781 shares being traded for $188,891; while Unilever Caribbean traded 31,208 shares valued at $1,732,356 to close at $55.51, a new 52 weeks high as the price gained 9 cents in trading.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 3 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

FX: J$ slips all round

September 25, 2013 by IC Insider.com

Wednesday, 25 September 2013 | The Jamaican dollar lost value against the three main traded currencies on Wednesday as authorized dealers bought the equivalent of US$36.3 million and sold US$40.7 million.

But it was the disparity in the buying and selling of United States currency that made the greatest difference in the market, with a US$4.4 million shortfall between buying and selling, as dealers pulled in US$30.7 million at an increased rate of $102.64, up by 44 cents while they sold US$35.1 million, 31 cents more than on Tuesday at $103.34. Dealers paid as much as $104 in buying the US dollar at 25 cents more than the day before, but bought as low as $84.50, the same as the prior day. There was no change to the highest selling rate of $108.28 and it was 10 cents more on the lowest sell rate of $100.10.

The highest rate paid by dealers for the Canadian dollar was 40 cents less than the day before to end at $100.60 and 25 cents less for the low rate of $80.51, but dealers cut $2.05 off the highest rate sold at $102.11 and $1.60 off the lowest at $95. C$723,000 was sold to dealers at $98.42 up 44 cents for the day, and dealers sold C$2.25 million for a $1.13 increase to $100.98.

It cost dealers $2.20 more to purchase the British Pound at the new rate of $168 at the high end and bought the currency as low as 58 cents lower than on Tuesday at $133.22. The Pound sold as high as $171.73, an increase of $4.03 and as low as $158.55, a reduction of $1.45.

Dealers bought £2.57 million at a new rate of $164.88 that was $2.93 higher than the previous rate and sold £1.5 million at 167.10 up by $1.65

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

JSE: Trading picked up but …

September 25, 2013 by IC Insider.com

Wednesday, 25 September 2013 | Trading picked up on Wednesday, but not if market activity is measured by the amount of money passing through the market. There were however, trading in stocks of 31 companies compared to just 27 on Tuesday as 3,193,450 shares valued at only $13,415,065 traded. 7 of the stocks trading increased in price to 8 that fell and the indices also reflected the narrowness by just moving very moderately by less than 40 points for each.

Main Market | On a slow day of trading Berger Paints put through 78,470 at a $2.26, unchanged for the day; Caribbean Cement had 26,125 units trading firm at $2.20; Gleaner Company had 35,416 units trading at 3 cents more at the end of the day at $1.20; Grace Kennedy had only 2,270 and closed at $54, off $2.50; Jamaica Broilers contributed just 35,000 and closed firm at $4.80. Jamaica Stock Exchange ordinary traded 7,000 units to give back the 15 cents which it gained on Tuesday to close at $2.85, the IPO price. National Commercial Bank chipped in with 99,456 shares to close up 47 cents to end at $19. Pan Jamaican Investment posted 6,354 and lost 52 cents to close at $50; Sagicor Life Jamaica contributed 17,687 units and closed firm at $8.50; Scotia Group Jamaica 37,918 shares moved the price by 44 cents to close at $21 and Seprod lost 50 cents when it traded 1,237 units at $13.50. Proven Investments 8% put in a volume of 1,478,040 at a firm $5.07 for a value of $7,523,097.

Junior market | Jamaican Teas traded 27,897 units firm at $4; Lasco Distributors chipped in with 13,770 units at $1.48 and Lasco Financial Services had a good day with 1,268,569 units as it closed firm at $1.20.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator was not strong as it showed bids for 4 stocks being higher and 3 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: Citizens dominance continues

September 25, 2013 by IC Insider.com

Wednesday, 25 September 2013 | First Citizens Bank traded 277,643 shares with a value of $9,717,696, accounting for more than half of funds invested in stocks in trading on Wednesday, one day after the market closed for Republic Day holiday in Trinidad & Tobago. The stock closed trading at $35 up by 3 cents. Market activity resulted in trading in 14 securities of which 5 advanced, 3 declined and 6 traded firm as 1,338,458 units traded at a value of $18.7 million.

Ansa Merchant Bank pulled back by $1.20 to close at $37.80, only 40 shares were traded for the company; Ansa McAL traded 50,000 units firm at $66.28 valued at $3.3 million; Guardian Holdings chipped in with 5,118 units trading firm at $15.50; Jamaica Money Market Brokers had 300,000 shares changing hands for a value of $150,000, unchanged at 50 cents; Neal & Massy contributed 27,122 units to trading as the price gained 7 cents to close at $56.11; Sagicor Financial traded 5,000 units at $7 off a cent. Trinidad Cement traded 279,935 shares for $619,705, the price closed at $2.20 off 3 cents, while National Commercial Bank added 261,000 shares valued at $305,370 as the stock gained 4 cents to end at $1.17. Angostura Holdings traded 3,212 shares to close at $10.05 a new 52 weeks high.

Clico Investment Fund had a volume of 126,957 shares valued at $2,735,871 as the price advanced by a cent to end at $21.55.