Trading on the Jamaica Stock Exchange is off to a modest start on Thursday. Trading in junior market stocks has seen just 5 securities trading. Trading volume and values were down from Wednesday’s level with advancing stocks being beaten by declining ones.
The all Jamaica Composite Index rose 200.57 points to 185,419.96 the Jamaica Stock Exchange Market Index climbed 179.35 points to 166,840.20, the Jamaica Stock Exchange combined index gained 216.17 points to close at 179,187.30 and the junior market index inched up 4.85 points to 2,381.16.
At 10.45 am, a total of 22 securities traded, resulting in a volume of 893,707 shares changing hands carrying a value of $6,616,329, compared to 1,549,643 shares changing hands carrying a value of $11,650,702, on Wednesday.
The average number of shares traded amounts to 40,623 units compared to 55,344 on Wednesday. Market activity resulted in 7 stocks falling while the prices of 5 securities rose.
In trading activity JMMB Group traded 65,446 units at $13.66, Mayberry Investments have exchanged 50,000 units at $3.50, Sagicor Group traded 35,000 shares at $22.70, Proven Investments had 98,471 shares changing hands at 19.95 US cents. 138 Student Living traded 503,737 shares at $4.70
JSE indices up moderately
US$11m surplus in FX market – Wednesday
The Jamaican foreign exchange market closed on Wednesday with buying volume again exceeding selling by US$11 million. At the close of trading, the Jamaican dollar’s lost value versus the main currencies it normally trades with.
At the end of trading, the equivalent of all currencies bought by dealers amounted to US$44,066,825, while US$32,829,162 was sold, compared to US$53,538,216 purchased and US$39,425,182 sold on Tuesday.
In US dollar trading, dealers bought US$37,397,500 compared to US$50,287,877 on Tuesday. The buying rate for the US dollar rose 3 cents to close at $128.20. A total of US$28,637,721 was sold versus US$38,236,358 on Tuesday, with the selling rate rising 3 cents to end at $128.92. The Canadian dollar buying rate jumped $3.57 to $98.27, with dealers buying C$4,553,605 and selling C$4,076,108 at an average rate that rose $2.01 to $99.16. The average rate for buying the British Pound jumped $1.12 to $155.05 for the purchase of £1,528,215 while £344,279 was sold at a rate that rose $1.16 to end at $157.33.
At the end of trading on Wednesday, dealers sold €404,779 as the selling rate for the Euro, closed at $141.79 for gain of 13 cents, according to data from Bank of Jamaica. Dealers purchased €386,294 of the European common currency at $141.52 after climbing $6.53. The US dollar equivalent of other currencies traded, amounts to US$904,247 being bought and selling of US$190,700.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies in the foreign exchange market on Wednesday, include a rise of $1.90 in the highest buying rate of the US Dollar to $129.95 and a gain of $20.50 in the lowest selling rate to end at $124.50. The lowest selling rate of the Canadian dollar climbed $2 to $95. The highest buying rate of the British Pound dropped $12.15 to $158.55, the lowest buying rate lost $9.13 to $126.99, the highest selling rate declined $12.66 to $164.46 and the lowest selling rate dived $9.80 to $151.20. Trading in the Euro resulted in a fall of $2.20 in the highest buying rate to $142.80, the lowest buying rate fell $1.45 to $113.71, the highest selling rate dropped $6.64 to $143.21 and the lowest selling rate jumped $22.47 to $137.
4 stocks rose on TTSE – Wednesday
The market closed with modest movements in the indices, with the Composite Index fell 0.30 points to close at 1,175.20. The All T&T Index closed with a decline of 2.74 points at 1,818.19, down 6.69 percent for 2016 and the Cross Listed Index rose 0.29 points to 70.99 points and is up 43.39 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| Firstcaribbean International Bank ended trading with 4,535 shares and closed with a rise of 6 cents at a 52 weeks’ high of $7.81, Grace Kennedy contributed 6,901 shares and gained 1 cent in trading, to close at $2.57. National Enterprises closed with 800 shares changing hands at $10.20, after gaining by 4 cents and Republic Financial Holdings ended with 1,510 shares trading, with a rise of 1 cent to end at $110.99.
Losses| Trinidad and Tobago NGL closed with a loss of 4 cents at $23.55 with 495 units changing hands.
Firm Trades| Ansa Merchant Bank traded 200 units to end at $40.01, Guardian Holdings traded 76,289 shares with the price closing at $12.60, JMMB Group closed at 80 cents with 115,440 units switching owners, Massy Holdings ended with 921 shares changing hands at $51.50. National Flour ended with 194 shares changing hands at $2.58, One Caribbean Media traded 70 shares at $20.40 and Scotiabank traded 50 shares and closed at $58.51.
JSE off to slow start – Wednesday
The Jamaica Stock Exchange is to a modest start on Wednesday morning but trading in junior market stocks seems to have picked up a bit. Trading volume and values were up from Tuesday’s levels as advancing stocks edged out declining ones.
The all Jamaica Composite Index dropped 1,185.02 points to 185,458.25 the Jamaica Stock Exchange Market Index fell 1,059.62 points to 166,874.44, the Jamaica Stock Exchange combined index dived 1,079.98 points to close at 179,158.98 and the junior market index lost 9.47 points to 2,375.31.
At 10.45 am, a total of 28 securities traded, resulting in a volume of 1,549,643 shares changing hands carrying a value of $11,650,702, compared to 659,435 shares changing hands carrying a value of $8,595,191 on Tuesday.
The average number of shares traded amounts to 55,344 units compared to 24,424 on Tuesday. Market activity resulted in 10 stocks falling while the prices of 12 securities rose.
In trading activity Caribbean Cream fell $1.70 to $7.55 with 109,434 shares trading, Caribbean Producers rose 20 cents to $3.85 with 81,717 units trading, Honey Bun with 1,000,223 units traded at a loss of 60 cents to $5.50, while Jetcon Corporation added 16 cents with just 13,311 units to $4.16 but have a bid at $4.16 to buy 36,689 shares. In the main market Cable & Wireless has come into renewed selling around the $1 level and traded down to 93 cents with 49,580 shares changing hands, the stock is offered for sale at 98 cents with 1,638,805 units and 6 million units at $1 and Grace Kennedy traded 61,945 at $41.55.
US$14m surplus in FX market – Tuesday
The Jamaican foreign exchange market closed on Tuesday, with buying volume US$14 million more than the amount sold by dealers. At the close of trading, the Jamaican dollar lost value against the US and the Canadian dollars, but gained against the Pound and the euro.
At the end of trading, the equivalent of all currencies bought by dealers amounted to US$53,538,216, while US$39,425,182 was sold, compared to US$27,764,103 purchased and US$19,940,807 sold on Friday.
In US dollar trading, dealers bought US$50,287,877 compared to US$24,043,908 on Friday. The buying rate for the US dollar rose 25 cents to close at $128.17. A total of US$38,236,358 was sold versus US$18,470,128 on Friday, with the selling rate rising 7 cents to end at $128.89. The Canadian dollar buying rate declined 76 cents to $94.70, with dealers buying C$1,701,622 and selling C$625,427 at an average rate that rose 6 cents to $97.15. The average rate for buying the British Pound dropped $1.33 to $153.93 for the purchase of £1,510,510 while £385,341 was sold at a rate that declined 28 cents to end at $156.17.
At the end of trading on Tuesday, dealers sold €167,167 as the selling rate for the Euro, closed at $141.66 for fall of 20 cents, according to data from Bank of Jamaica. Dealers purchased €152,917 of the European common currency at $134.99 after falling $1.99. The US dollar equivalent of other currencies traded, amounts to US$17,809 being bought and selling of US$66,759.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies in the foreign exchange market on Tuesday, include a drop of $1.15 in the highest buying rate of the US Dollar to $128.05 and a dive of $20 in the lowest selling rate to end at $104. The highest buying rate of the Canadian dollar climbed $1.50 to $99.50 and the lowest selling rate rose $1.60 to $93. The highest buying rate of the British Pound jumped $13.30 to $170.70, the lowest buying rate climbed $9.13 to $136.12, the highest selling rate rose $11.88 to $177.12 and the lowest selling rate surged $10 to $161. Trading in the Euro resulted in a surge of $5.50 in the highest buying rate to $145 and the lowest selling rate dropped $21.47 to $114.53.
4 stocks rose on TTSE – Tuesday
The market closed with modest movements in the indices, with the Composite Index rising by 1.33 points to close at 1,175.50. The All T&T Index closed with a gained 1.47 points at 1,820.93, down 6.55 percent for 2016 and the Cross Listed Index rose 0.16 points to 70.70 points and is up 42.80 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| JMMB Group gained 3 cents to close at a 52 weeks’ high of 80 cents with 61,854 units switching owners, Sagicor Financial Corporation rose 5 cents to close with 34,585 shares changing hands at $7.20. Scotiabank ended trading 32,686 shares and closed with a rise of 24 cents at $58.51 and Trinidad Cement jumped 30 cents up by 8.6 percent to close at $3.80 while trading 28,503 units.
Losses| First Citizens Bank closed with just 563 shares changing hands to end with a loss of 2 cents at $34.93 and Massy Holdings lost 49 cents and ended with 579 shares changing hands to end at $51.50.
Firm Trades| Ansa McAl traded 888 units to end at $62.68, National Commercial Bank closed at $2.60 with 556 shares trading, Scotia Investments had 125,036 shares changing hands to close at $1.80 and Trinidad and Tobago NGL closed at $23.59 with 821 units changing hands.