Trading Activity — Page 967

ForEx: More inflows less sales

April 30, 2013 by IC Insider.com

A positive trend | The foreign exchange market saw more inflows on Monday than for a week ago but sales declined, leaving a greater level of net inflows into the system, than in the prior week. This positive development came from a 17 percent increase in US dollars bought by authorized dealers. They sold 8 percent less US dollars than for Monday last week while they bought 52 percent less pound sterling and 28 percent less Canadian dollars than for the same period. Buyers demanded 24 percent more sterling on Monday this week, than for last week, but 81 percent less Canadian dollars were sold this Monday.

The development on Monday continues a positive trend seen since last week Thursday when there was a $4 million net inflow for US dollar trades on each day. On Monday, trading amounted to the equivalent of US$42.6 million of purchases, while US$34.75million was sold.

The exchange rate continued its slow appreciation, closing with an average selling rate for the US dollar at $99.36 to one US, while on Friday last it was J$99.47

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

Trinidad Cement dominates T&TSE

April 30, 2013 by IC Insider.com

Trading Summary 29 Apr 2013 | Eleven securities traded of which 3 advanced, 2 declined and 6 closed at the same price they traded on Friday.

In another slow and uneventful day of trading on the Trinidad Stock exchange, the market was dominated by Trinidad Cement Limited, the volume leader with 1,147,809 shares changing hands for a value of TT$1,147,809 in overall trading of 1,255,128 shares valued at TT$2,639,620.86 in the main market. Cement was followed by the Barbados controlled Sagicor Financial Corporation with 69,519 shares being traded for $477,200.49 with a price gain of $0.36 to close at $6.86. The Jamaican investment banking group, Jamaica Money Market Brokers Limited contributed 12,900 shares with a value of $5,676 while shedding 1 cent to close at $0.44 or J$6.90, while Scotiabank Trinidad & Tobago Limited accounted for 7,773 shares valued at $536,580.43.

Clico Investment Mutual Fund Market traded 10 shares valued at $211.90 while dropping $0.01 to end at $21.19.

The market seems to have support at current levels, with a large portion of stocks either having bids on or around their last selling price at the close of trading, while 6 stocks had bids above their last selling prices. Stocks with buying interest above the last sale prices are, Agostini, Angostura Holdings, Grace Kennedy, National Flour Mills, Scotia Investments, and West Indian Tobacco with a bid of TT$97.05 which last traded at TT$97.01with no stock on offer at the market close.

This market seems poised to slowly move higher during the year.

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

Low JSE activity for week but slightly bullish

April 28, 2013 by IC Insider.com

Summary for the week ending 26 April, 2013 | There was trading in 24 stocks of which 16 advanced, 7 declined with the rest remaining firm.

The Jamaican stock market continues to record low levels of interest which is reflected in moderate trading activity during the week ending 26 Apr, 2013. Price movements were small although advancing stock out-numbered declining ones by more than 2 to 1. Only 11,641,413 units traded valued at $132,288,544.

On Friday, JMMB traded 6.39 million units valued at $43.6 million while 467,487 Carreras shares valued at $25.6 million traded and Grace Kennedy traded 312,537 units valued at $17 million on the 24th, which accounted for the large part of trading activity for the week.

Market Indices | The JSE market indices hardly moved at the end of the week, with the All Jamaica index inching up 306 points being the highest movement. Caribbean Creams IPO, which opened to the public on Thursday, may have diverted funds and attention of investors away from the market while they focused on the new offering.

An increasingly noticeable feature of the market is the scarcity of junior market stocks and widening bids and offers, an indication that prices could be rising sharply for a number of these stocks in the coming weeks, especially as they will all be issuing results within a few weeks.

Slightly Bullish | An indication of a slightly bullish tone is that investors are prepared to pay more for some stocks than the last selling prices. The stocks which fall into this category show bids at the close of trade that are above the last selling prices. These include AMG Packaging bid $3.81, last price $3.80, Blue Power, bid $5.56, last traded price, $5.50, D&G, bid $4.10, last price, $4.05. Hardware & Lumber $3.81, last price $3.80, Jamaica Producers, bid $15.14 last price $15.08, Lasco Manufacturers $11.25 versus $10.80, Sagicor Investments $15.55 versus $15, Scotia Investments $23.10, last price $23.

Talk Back | Are you bullish about the market? Please leave a comment below.