TTSE trading sinks on Friday
Trading on the Trinidad & Tobago Stock Exchange resulted in declines in activity on Friday with a mere 6 securities changing hands compared to 10 on Thursday. Trading ended with 1 stock rising, 3 falling and 2 trading with the price unchanged.
By the close only 129,133 units valued at $660,796 traded, in contrast to Thursday’s 180,027 shares valued at a just $179,861.
The Composite Index lost 0.94 points to 1,205.44, the All T&T Index fell 1.22 points to 1,833.20 with its year to date loss at 5.92 percent. The Cross Listed Index was down 0.10 points to 77.19 with year to date gain of 55.91 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Praetorian Property Mutual Fund closed at $2.76, having gained 6 cents with 43,328 shares changing ownership.
Losses| Guardian Holdings closed at $12.70 for a loss of 20 cents with 29,117 shares changing hands, valued at $369,786, JMMB Group lost 2 cents, closing at 88 cents with 33,423 shares being exchanged and National Enterprises was down 1 cent to $10.65 with an exchange of 681 stock units.
Firm Trades | Clico Investment traded firm at $22.61 with 3,541 shares changing owners and National Commercial Bank closed at $2.87 with an exchange of 19,043 shares.
A little more gain for Jamaican$
The Jamaican dollar made more gains against the US dollar and the euro in foreign exchange trading on Friday, following gains made on Thursday but lost value against the British pound and the Canadian dollar. At the close of the market, dealers bought the equivalent of US$32,880,249 of all currencies and sold US$32,936,449, compared to US$27,160,634 purchased and US$26,921,870 sold on Thursday.
In US dollar trading, dealers bought US$29,263,004 compared to US$23,108,403 on Thursday. The buying rate for the US dollar rose 6 cents to $127.91. A total of US$29,805,643 was sold versus US$24,915,142 on Thursday, with the selling rate slipping by just 1 cent to $128.78. The Canadian dollar buying rate fell 13 cents to $94.67, with dealers buying C$2,044,327 and selling C$3,142,188 at an average rate that increased by $1.51 to finish at $98.17. The average rate for buying the British Pound dropped 66 cents to $158.80 for the purchase of £1,563,019 while £452,709 was sold with a rise of 32 cents to end at $161.77.
At the end of trading on Friday, dealers sold €151,295 with the selling rate for the Euro, closing with a fall of 43 cents to $137.30, according to data from Bank of Jamaica. Dealers purchased €150,857 of the European common currency at $132.33 after falling $3.87. The US dollar equivalent of other currencies traded, amounts to US$7,523 being bought and selling of US$5,442.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Friday, include a fall of $1.50 in the lowest selling rate for the US dollar to end at $121.50. The highest buying rate for the British Pound rose $1.30 to $163.50, while the lowest selling rate slipped $1.50 to end at $154. The highest buying rate for the Euro dropped $8.88 to $135.30 and the lowest selling rate fell $1.25 to $132.
Jamaica Stock Market jumps again
The Jamaica Stock Exchange All Jamaica Composite index jumped by more than 800 points by 10:45 o’clock to exceed the 201,600 points mark for the third day in a row in a moderate trading session. The junior market recorded good gains as well to be sitting within reach of the record close reached in November.
Cargo Handlers 5,000 at a new all-time high of $15 with a jump of $2, Lasco Manufacturing traded 92,000 at $4.57, Caribbean Cement traded 50,213 units at $36.38, Mayberry Investments climbed by 50 cents to $4.50 with 138,386 shares changing hands.
Market activity resulted in of 23 securities being traded at 10.45 am, compared to 11 on at Thursday at 10 am. AT 10:45 on Friday morning, 13 stocks advanced and 6 fell, resulting in a volume of 567,755 shares changing hands carrying a value of $6,880,192, compared 732,375 shares changing hands carrying a value of $3,927,867, on Thursday. The average number of shares traded, amount to 24,685 units versus mere 66,580 units on Thursday.
The all Jamaica Composite Index jumped 872.28 points to 201,639.22 the Jamaica Stock Exchange Market Index climbed 779.97 points to 184,363.43, the Jamaica Stock Exchange combined index garnered 961.79 points to close at 196,297.86 and the junior market index rose 23.21 points to end at 2,464.88.
More revaluation for Jamaican$
The Jamaican dollar made more gains against all four major foreign currencies on Thursday, following gains it made on Wednesday. At the close of the market, dealers bought the equivalent of US$27,160,634 of all currencies and sold US$26,921,870, compared to US$34,294,467 purchased and US$30,046,671 sold on Wednesday.
In US dollar trading, dealers bought US$23,108,403 compared to US$30,548,763 on Wednesday. The buying rate for the US dollar fell by 30 cents to $127.85. A total of US$24,915,142 was sold versus US$27,155,752 on Wednesday, with the selling rate slipping by 5 cents to $128.79. The Canadian dollar buying rate rose 91 cents to $94.80, with dealers buying C$1,776,682 and selling C$1,342,067 at an average rate that declined by 28 cents to $96.66. The average rate for buying the British Pound dropped $2.01 to $159.46 for the purchase of £1,805,624 while £470,139 was sold with a slip of $1.77, to end at $161.45.
At the end of trading on Thursday, dealers sold €373,840 with the selling rate for the Euro, closing with a fall of $1 to $137.73, according to data from Bank of Jamaica. Dealers purchased €447,343 of the European common currency at $136.20 after falling 71 cents. The US dollar equivalent of other currencies traded, amounts to US$6,099 being bought and selling of US$10,342.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Thursday, include a fall of $1 in the lowest selling rate for the US dollar to end at $123. The highest buying rate for the British Pound dropped $5.55 to $162.20, the lowest buying rate fell $1.66 to$131.14, the highest selling rate climbed $4.04 to $170.64, while the lowest selling rate slipped $1.84 to end at $155.50 and the highest buying rate for the Euro jumped $6.58 to $144.18.
6 juniors stocks fall 3 rise – Thursday
With today’s movement of the index, the junior market is up 36 percent for the year to date.
At the close the prices of 3 stocks rose and 6 declined with 11 securities trading, compared to 15 on Wednesday. The volume of stocks traded climbed on Thursday by 44 percent, from Wednesday’s level, ending with 587,579 units changing hands, valued at $2,311,947, up 26 percent from $1,834,253 on Wednesday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and just 4 ending with lower offers.
An average of 53,416 units with an average value of $210,177 traded, compared to 27,190 units with an average value of $122,284 on the preceding day. The average for December to date is 129,359 units at an average of $585,015. The average for December to Wednesday is 144,548 units at an average of $659,983. November ended with an average of 109,679 units with an average value of $607,092.
The stock split into 150 stock units for Eppley ordinary stock is yet to attract any offers even after the bid had risen to $6.95, compared to the adjusted last traded price of $4.90.
In trading activity, Access Financial Services gained $1 in trading 121 units, to close at an all-time high of $22, AMG Packaging lost $2.95 with only 100 units trading at $18, Caribbean Cream fell 30 cents with 25,000 shares changing hands at $7.50, Consolidated Bakeries had 54,000 units changing hands with a loss of 3 cents to end at $2.20. Honey Bun had 15,116 shares changing hands to close at $6, Jetcon Corporation lost 5 cents in trading 48,526 shares to close at $5.95, Lasco Distributors had just 1,227 shares changing hands to close at $6.80. Lasco Financial Services traded 300,625 units and rose by 25 cents to $3.50, Lasco Manufacturing gained just 1 cent and ended at $4.58 with 101,000 shares changing hands, Paramount Trading fell 58 cents while 18,989 shares traded, to close at $3.22 and Derrimon Trading preference share lost 37 cents, ending with 22,875 units changing hands to close at $2.12.
Trading drops sharply on TTSE
Trading on the Trinidad & Tobago Stock Exchange dropped sharply on Thursday. The market closed with 10 securities trading compared to 14 on Wednesday resulting in 180,027 units valued at $179,861 changing hands in contrast to Wednesday’s 361,588 shares valued at $3,622,735.
At the close 3 stocks advanced, 3 declined and 4 remained unchanged, leading the Composite Index in gaining 0.36 point to 1,206.38 points. The All T & T Index lost 0.10 points to 1,834.42 points with its year to date loss at 5.85 percent and the Cross Listed Index advanced 0.12 points to 77.29 points with year to date gains of 56.11 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 11 with lower offers.
Gains| Clico Investment gained 1 cent, closing at $22.61 with 7,462 shares changing hands, Sagicor Financial closed at a 52 weeks’ high of $7.64 after adding 1 cent with 13,000 shares being exchanged and Scotia Investments advanced 12 cents to close at $1.95 and 150,000 shares changing owners. The investment bank posted an 86 percent fourth quarter growth in net profit, over the similar quarter in 2015 and a strong of 32 percent for the year to October.
Losses| First Citizens Bank closed at $34.92 for a loss of 1 cent with only 32 shares changing hands, Republic Financial Holdings lost 3 cents, closing at $108.46 with 494 shares switching ownership and Trinidad & Tobago NGL was down 1 cent to $21.99 with an exchange of 584 shares.
Firm Trades| Massy Holdings traded firm at $51 with 564 shares changing owners, National Commercial Bank closed at $2.87 with an exchange of 7,000 shares, National Flour Mills, with 807 shares trading, closed at $2.52 and Prestige Holdings remained unchanged at $11 with 84 shares changing hands.
All Jamaica jumps above 201,500 in early trading
The Jamaica Stock Exchange All Jamaica Composite index jumped by more than 1,000 points by 10 o’clock to exceed the 201,500 points mark for the second day in a row in a moderate trading session so far. The junior market just barely slipped from the opening level, easing less than one percent.
Market activity resulted in 11 securities being traded up to 10 c’clock, compared to 29 on at Wednesday at 10.55 am. AT 10 am on Thursday, 6 stocks advanced and 5 fell, resulting in a volume of just 732,375 shares changing hands carrying a value of $3,927,867, compared with 939,255 shares changing hands and carrying a value of $9,669,822, on Wednesday. The average number of shares traded, amount to 66,580 units versus a mere 32,388 units on Wednesday.
The all Jamaica Composite Index jumped 1,118.15 points to reach 201,536.95 the Jamaica Stock Exchange Market Index climbed 999.82 points to 184,271.98, the Jamaica Stock Exchange combined index garnered 926.74 points to close at 196,028.45 and the junior market index slipped 0.05 points to end at 2,446.91.