The junior market index slipped at the close on the first trading day of the new year on very moderate volume. At the end of trading the market index declined by 12.29 points to end at 2,581.42.
At the close, the prices of 2 stocks rose, 5 declined with 12 securities trading, compared to 16 trading on Friday. Volume of stocks traded dropped on Friday by 82 percent, from Friday’s level, ending with 294,809 units changing hands, valued at $1,529,067, down by 82 percent from $8,675,126 on Friday.
Market activities ended with 5 securities closing with bids higher than their last selling prices and one ending with a lower offer.
An average of 24,567 units with an average value of $127,422 traded, compared to 102,038 units with an average value of $542,195 on the preceding trading day. The average for December is 131,147 units, at an average of $672,488.
At the close of trading, Cargo Handlers closed at $18.50 with 1,379 units changing hands, Caribbean Cream had 19,700 units exchanged for 20 cents less than on Friday to end at $7.30. Caribbean Producers traded 45,331 shares to close at $3.30, Honey Bun had 2,735 shares changing hands to close at $5.68 after falling 17 cents. Iron Rock Insurance climbed 40 cents in trading 564,394 shares to end at $4, Jamaican Teas lost 60 cents to end at $4.25 with 2,500 shares being exchanged. Key Insurance gained 20 cents to end at $2.80 with 55,524 units changing hands, KLE Group closed with 7,000 shares trading at $1.95. Lasco Distributors ended with 96,756 units trading with a fall of 4 cents to $7.01, Lasco Financial rose 8 cents with 6,294 shares changing hands, to end at $3.19, Lasco Manufacturing fell 10 cents and ended at $4.90, after 20,440 units switched hands, tTech traded 20,150 units at $5.30 and Eppley 9.5% preference share traded 17,000 units at $6.18.
Juniors slip first trading day for 2017
3 new highs for Trinidad stocks
Trading on Tuesday resulted in 8 securities changing hands compared to 11 on Friday. Market activity ended with 6 stocks rising, 2 declining while there were no stocks trading unchanged. A total of 162,833 shares being traded valued at $2,093,835 compared to 262,813 shares being traded, valued at $6,001,767 on Friday.
The Composite Index rose 1.04 points at 1,210.57, the All T&T Index lost 0.88 points to 1,833.35. The Cross Listed Index rose 0.41to end at 78.58 points with year to date gains of 55.65 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 3 with lower offers.
Gains| Clico Investments Fund gained 18 cents in trading 63,956 units valued at $1,458,197 to close at $22.80, Guardian Holdings traded 2,500 units to close 1 cent higher at $12.66, National Commercial Bank added 10,000 shares to stocks that traded and gained 5 cents to close at a 52 weeks’ high of $3.05. Point Lisas traded 21,500 shares and gained 5 cents to end at $3.75, Sagicor Financial Corporation gained 7 cents with 47,548 valued at $371,083 to end at a 52 weeks’ high of $7.80 and Trinidad Cement traded 8,200 units with a rise of 5 cents to close at a 52 weeks’ high of $4.45.
< Strong> Losses| Angostura Holdings fell 25 cents to close at $14.75 as 5,131 units changed hands and National Flour Mills fell 12 cents to close at $2.40 with 4,000 units trading.
AJI starts 2017 with new record – Tuesday
The Jamaica Stock Exchange all Jamaica Composite Index jumped more than 1,900 points in early trading on Tuesday to break the 212,000 points level while the junior market slipped slightly..
Market activity resulted in 25 securities traded at 10:45 am, compared to 29 on Friday at 10:45 am. A total of 16 securities advanced and 5 declined, resulting in a volume of 2,173,726 shares changing hands, carrying a value of $ 28,865,298, compared 5,851,240 shares changing hands, carrying a value of $22,997,020 on Friday. The average number of shares traded, amount to 86,949 units versus 201,767 units on Friday.
The all Jamaica Composite Index surged 1,907.42 points to a record 212,046.91, the Jamaica Stock Exchange Market Index climbed 1,705.57 points to an all-time high of 193,982.21, the Jamaica Stock Exchange combined index jumped 1,495.61 points to a record high of 206,455.71 and the junior market index fell 8.36 to 2,585.35.
Trinidad Cement drops back to $4.15
The market closed on Tuesday with 18 securities changing hands in contrast to 10 on Monday with 8 stocks advancing, 7 declining and 3 remaining unchanged. A total of 483,249 shares valued at $2,376,016 compared to Monday’s trades of 174,656 shares valued at $3,712,321.
The Composite Index climbed 6.45 points to 1,229.47, the All T&T Index slid 2.38 points to 1,827.69 and the Cross Listed Index gained 2.10 points to 84.54.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Angostura Holdings added 3 cents and closed at $14.75 with an exchange of 14,100 units, Guardian Holdings rose 44 cents to $13.75 with trades of 10,000 shares, JMMB Group gained 5 cents to close at a new 52 weeks high of $1.25 with 173,162 shares being exchanged. National Commercial Bank gained 27 cents, closing at a 52 weeks’ high of $3.55 with 50,000 shares changing owners, Praetorian Property closed 5 cents higher, at $2.90 while trading 2,000 units. Sagicor Financial added 1 cent to close at $8.51 with an exchange of 14,294 shares, Trinidad & Tobago NGL closed at $21.02, gaining 2 cents with trades of 1,257 units and L.J. Williams B share advanced 5 cents to 71 cents with 93,650 units traded.
Losses| Berger Paints closed down 1 cent to $4.05 with 800 units traded, Clico Investment lost 1 cent to close at $22.51 after trading 3,777 shares, Massy Holdings dropped 30 cents, falling to $51.10 with trades of 14,243 valued at $727,818 and Republic Financial Holdings closed at $107.98, losing 21 cents with 46 units being exchanged. Scotiabank lost 5 cents to $58.70 trading 4,909 shares, Trinidad Cement fell 35 cents to $4.15, while exchanging 5,000 shares and Unilever Caribbean closed at $58.50 after sustaining a fall of $1.33 with 154 units changing hands.
Firm Trades| First Citizens closed at $34 with 300 shares traded, Scotia Investments remained at $2.23 with 95,125 shares changing owners and West Indian Tobacco closed at $127 with 432 units switching ownership.
Jamaica’s US$178M FX surplus for December
In foreign exchange trading on Friday, net inflows continue to be positive but with just over with US$1 million, bringing the net inflows for December to $178 million with the Jamaican dollar losing value against all the major currency it normal trades against.
At the close of the market, dealers bought the equivalent of US$49,393,835 of all currencies and sold US$48,140,699, compared to US$53,928,226 purchased and US$39,262,075 sold on Thursday.
In US dollar trading, dealers bought US$41,924,249 compared to US$48,357,262 on Thursday. The buying rate for the US dollar lost 12 cents to close at $127.48. A total of US$42,123,238 was sold versus US$35,027,831 on Thursday, with the selling rate inching up 8 cents to $128.44. The Canadian dollar buying rate rose 94 cents to $94.41, with dealers buying C$4,856,783 and selling C$6,251,539 at an average rate that gained 63 cents to end at $95.88. The average rate for buying the British Pound jumped $3.19 to $157.03 for the purchase of £2,971,174 while £892,056 was sold with a rise of 80 cents to end at $157.42.
At the end of trading on Friday, dealers sold €218,636 with the selling rate for the Euro, closing with a rise of 9 cents to $134.91, according to data from Bank of Jamaica. Dealers purchased €165,108 of the European common currency at $129.76 after gaining $1.26. The US dollar equivalent of other currencies traded, amounts to US$44,823 being bought and selling of US$27,851.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include the highest buying rate for the British Pound declining $2.58 to $159.10, the lowest buying rate jumping $33.99 to $126.99 and the lowest selling rate rising $1 to $152, while the lowest selling rate for the Euro dived $6.50 to $122.