The Jamaican foreign exchange market had a rare day in recent times of net outflows of all currencies on Tuesday, with a deficit of $5 million, as outflows of Canadian dollars ran at the equivalent of US$13.8 million while just US$2.4 million entered the market. Trading volume in the overall market picked up from the low levels on Monday.
At the close of trading, the Jamaican dollar’s selling rate, gained value against the British Pound and the euro but fell against the US and Canadian dollar.
At the end of trading, the equivalent of all currencies bought by dealers amounted to US$38,210,042, while US$43,422,027 was sold compared to only US$19,607,620 purchased and US$14,261,893 sold on Monday.
In US dollar trading, dealers bought US$32,905,929 compared to US$16,934,844 on Monday. The buying rate for the US dollar rose by 81 cents to close at $127.75. 
A total of US$29,180,000 was sold versus US$13,040,458 on Monday, with the selling rate rising 7 cents to end at $128.52. The Canadian dollar buying rate jumped $3.20 to $96.55, with dealers buying C$3,182,145 and selling an unusually large amount of C$18,031,744 at an average rate that climbed $1.11 to $98.34. The average rate for buying the British Pound climbed $2.89 to $157.15 for the purchase of £1,831,649 while £269,462 was sold at a rate that dipped $1.05 to end at $157.15.
At the end of trading, dealers sold €96,396 as the selling rate for the Euro, closed at $143.08 for fall of $1.52 from Monday’s rate, according to data from Bank of Jamaica. Dealers purchased €579,882 of the European common currency at $142.29 after rising $2.89 from the rate on Monday. The US dollar equivalent of other currencies traded, amounts to US$19,110 being bought and selling of US$13,978.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies in the foreign exchange market on Tuesday, include a rise of $1.09 in the highest buying rate of the US Dollar to end at $129. The highest selling rate of the Canadian dollar fell $1.08 to $100.98. The highest buying rate of the British Pound dropped $10.13 to $160.27, the lowest buying rate dived $8.72 to $127.82, the highest selling rate dived $11.34 to $166.32 and the lowest selling rate sank $8.50 to $153.50. Trading in the Euro resulted in a fall of $2 in the highest buying rate to $143, the highest selling rate dropped $5.45 to $144.40 and the lowest selling rate surged $23.47 to $138.
Ja$ falls with US$3.7m surplus – Tuesday
Majors close at another record high – Tuesday
Berger Paints traded at a 52 weeks’ high on Tuesday
At the close, the all Jamaica Composite Index surged 1,083.59 points to end at a new closing high of 187,498.00, the JSE Market Index climbed 968.92 points to a record close of 168,698.33 and the JSE combined index rose 248.82 points, to end at record high of 181,253.40, up 15 percent for the year to date.
At the close 10,379,971 units valued at $217,529,448 changed hands, compared to 1,637,080 units valued at $21,412,158 changing hands on Monday. The junior market accounted for 1,107,820 units valued at $$8,452,329 of the stocks traded.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 1 with a lower offer.In market activity, Berger Paints traded 12,700 shares and rose 10 cents to close at a 52 weeks’ high of $5.70, Cable & Wireless closed at 98 cents with 132,932 units trading, Caribbean Cement traded 19,863 shares to close at $33. Carreras had 2,075 shares changing hands at $66, trading in 1834 Investments ended with 42,354 shares changing hands to close with a loss of 3 cents at $1.20, Grace Kennedy lost 46 cents and closed with 140,739 shares changing hands at $41.99, Jamaica Broilers traded 69,950 units but lost 45 cents to close at $14.31. Jamaica Producers lost 15 cents and ended with 9,464 shares changing hands to close at $8.25, Jamaica Stock Exchange fell 71 cents and ended at $27.30 while trading 3,435 shares,
JMMB Group dropped 50 cents in trading 165,027 units to close at $15, Kingston Wharves traded 900 shares to close at $17.50. Mayberry Investments traded 16,900 shares to close with a loss of 20 cents at $3.40, National Commercial Bank traded 9,273 shares and lost 15 cents to end at $42.15, Pan Jamaican Investments lost 30 cents to close at $23 after trading 880 shares. Radio Jamaica fell 10 cents in trading 184,584 shares to close at $1.45, Sagicor Group gained 15 cents in trading 7,146,264 shares to end at $24, Sagicor Real Estate Fund traded 14,041 shares to close at $10.18, Scotia Group dropped 49 cents to close at $30.01 with 635,978 shares changing hands. Scotia Investments had 3,000 units changing hands to close at $30, with a gain of $3, Seprod traded 14,003 shares to close with a gain of 90 cents at a 52 weeks’ high of $23.50. Proven Investments closed at 19.99 US cents with 176,589 shares trading, JMMB Group 7.50% preference share traded 442,000 units at $1.10 and Jamaica Money Market Brokers 7.25% preference share traded 20,000 units at $2.40.
Juniors drop with falling stocks on top – Tuesday
Blue Power closed at a new high of $28 on Tuesday.
At the close, 17 securities traded, including one closing at a new high. Trading jumped 122 percent from Monday’s levels, ending with 1,107,820 units changing hands, while value traded, jumped 273 percent to $8,452,329 from $2,265,060, on Monday.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
Trading activity, AMG Packaging closed with a fall of $1.40 cents at $17.60 with 600 units changing hands, Blue Power closed with 1,600 units changing hands to close at a new high of $28 with a rise of $3.25, Cargo Handlers that will split its stock 10 for 1, effective October 22, traded 3,170 shares at $90. Caribbean Cream gained 70 cents in trading 255,168 units to end at $10, General Accident dropped 4 cents and closed with 904 units changing hands at $2.61, Honey Bun traded 94,223 shares at $6.20. Iron Rock fell 16 cents in trading 10.000 shares to close at $3.19, 
Jamaican Teas traded only 1,712 units but gained 10 cents to end at $4, Knutsford Express lost $1.20 with 2,000 units changing hands to end at $22, Lasco Distributors fell 89 cents with 203,221 units trading to close at $7. Lasco Financial ended with 347,939 shares changing hands at $3.20, Lasco Manufacturing lost 1 cents and closed at $4.99 with 28,330 shares trading, Paramount Trading climbed $1.50 to end with 76,445 shares changing hands at a 52 weeks’ high of $26. tTech traded 4,031 with a gain of 20 cents to end at $5.05 and Eppely 10% preference traded 15,000 shares at $6.10.
4 stocks rise on TTSE – Tuesday
Angostura Holdings climbed to a 52 weeks’ high on Tuesday.
The market closed with modest movements in the indices and ended with 4 stocks gaining, none declining and 5 remaining unchanged.
The Composite Index rose 0.45 points to close at 1,172.17, the All T&T Index closed with a gain of 0.46 points at 1,820.02 and the Cross Listed Index grew by 0.6 points to 69.91 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 6 with lower offers.
Gains| Angostura Holdings ended with 2,000 shares changing hands to close at a 52 weeks’ high of $14.65 after gaining 9 cents. JMMB Group gained 2 cents to end with 158,110 shares changing hands to close at a 52 weeks’ high of 75 cents and Sagicor Financial Corporation traded 274,201 units for a value of $1,938,614 in gaining 5 cents to close at $7.10.
Firm Trades| Clico Investment Fund closed with 6,405 shares changing hands to end at $22.60, Massy Holdings ended with 6,609 shares valued at $343,668 changing hands at $52, Scotiabank closed with 23,641 shares with a value of $1,377,088 changing hands to end at $58.25. Trinidad Cement had 4,000 shares changing hands to close at $3.50, Point Lisas closed at $3.60 with 182 units changing hands and West Indian Tobacco traded 50 shares to close $127.05.
JSE shares fall in early trading – Tuesday
The Jamaica Stock Exchange market stocks indices fell in Tuesday morning trading with volume increasing over Monday’s levels.
At 10.55 am, a total of 28 securities traded, resulting in a volume of 2,592,474 shares changing hands carrying a value of $31,641,641, compared to 621,667 shares changing hands carrying a value of $3,693,105 on Monday.
The average number of shares traded amounts to 92,588 units compared to 28,258 on Monday. Market activity resulted in 10 stocks falling while the prices of 5 securities rose.
Cable & Wireless traded 103,300 units at 98 cents, JMMB Group 7.50% preference shares had 442,000 units at $1.10, Radio Jamaica 105,595 shares at $1.55, Sagicor Group traded 1,006,427 shares at $23.82, Caribbean Cream traded 55,000 at $9.45, Lasco Distributors had 203,221 shares traded at $7 after losing 89 cents and Lasco Financial Services had 301,293 units changing hands at $3.20.
The all Jamaica Composite Index fell 211.65 points to 186,202.76 the Jamaica Stock Exchange Market Index fell 189.25 points to 167,540.16, the Jamaica Stock Exchange combined index slipped 682.12 points to close at 180,322.46 and the junior market index dived 49.31 points to 2,428.47.
Medical Disposables returns to Top 5
Medical Disposables back in TOP 5
Jetcon Corporation closing at $4.51, was squeezed out by Medical Disposables while General Accident enjoyed strong buying during the past two weeks and rose to $2.65 and moved well out of the Top 5.
Medical Disposables still has more room for growth with the company expanding its product range but supply of the stock has dried up. Derrimon Trading closed the week at $3.65, moving it to third spot. Knocking at the Top 5 position in the junior market are Jetcon, tTech and Caribbean Cream trading just below.
Top 5 stocks in the main market underwent changes with JMMB Group that entered the list for the week ended September 9, gained 50 percent since, to move off the list and replaced by Grace Kennedy, entering at number 4. Radio Jamaica that was top of the list last week rose to $1.70 and sits at number 5 at the close on Friday.
Stocks peeping in at the Top 5 in the main market are National Commercial Bank, Mayberry Investments and Sterling Investments.
With the junior market trading at new records this past week, the attractive gains that were evident a few weeks ago are receding in the junior market with IC Insider’s data showing just 7 junior market stocks that could double by early 2017. That is in contrast to the main market that shows 18 stocks that could double or more than double.
Majors suffers moderate fall – Monday
JMMB Group closed at a 52 weeks’ high of $15.51on Monday.
At the close, the all Jamaica Composite Index fell 429.66 points to close at 186,414.41, the JSE Market Index declined 384.20 points to a record close of 167,729.41 and the JSE combined index dropped 74.87 points, to end at 181,004.58.
At the close 1,637,080 units valued at $21,412,158 changed hands, compared to 2,319,114 units valued at $26,904,029 changing hands on Friday. The junior market accounted for 499,330 units valued at $2,265,060 of the stocks traded.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 15 stocks with bids higher than their last selling prices and 3 with lower offers.In market activity, Barita Investments traded 20,600 shares and rose 35 cents to close at $4.40, Cable & Wireless gained 7 cents to close at 98 cents with 58,513 units trading, Caribbean Cement climbed $1.90 in trading 5,200 shares to close at $33. Carreras had 4,395 shares changing hands at $66, trading in 1834 Investments ended with 27,024 shares changing hands to close at $1.23, Grace Kennedy rose 45 cents and closed with 143,248 shares changing hands at $42.45, Jamaica Broilers traded 20,840 units but lost 24 cents to close at $14.76. Jamaica Producers ended with 38,606 shares changing hands to close at $8.40, Jamaica Stock Exchange fell 48 cents and ended at $28.01 while trading 4,000 shares,
JMMB Group jumped 99 cents in trading 177,324 units to close at 52 weeks’ high of $15.51, Kingston Wharves traded 1,585 shares to close at $17.50. Mayberry Investments traded 200,000 shares to close at $3.60, National Commercial Bank traded 400 shares and rose 5 cents to end at $42.30, Pan Jamaican Investments lost 10 cents to close at $23.30 after trading 2,600 shares. Radio Jamaica fell 15 cents in trading 71,572 shares to close at $1.55, Sagicor Group traded 3,000 shares to end at $23.85, Sagicor Real Estate Fund traded 12,981 shares to close at $10.18, Scotia Group dropped $1.69 to close at $30.50 with 17,118 shares changing hands. Scotia Investments had 62,948 units changing hands to close at $30, with a gain of $3, Supreme Ventures traded 101,166 shares to close with a loss of 10 cents at $4.70 and Proven Investments closed at 19.99 US cents with 155,700 shares trading.
Ja$ falls with US$4m surplus – Monday
The Jamaican foreign exchange market enjoyed another day of net intake of all currencies on Monday with a surplus of $5 million as trading volume declined sharply from recent levels. At the close of trading, the Jamaican dollar’s selling rate, slipped against the US dollar but gained value against the other three currencies.
At the end of trading, the equivalent of all currencies bought by dealers amounted to US$19,607,620, while US$14,261,893 was sold compared to US$44,607,197 purchased and US$33,628,271 sold on Friday.
In US dollar trading, dealers bought US$16,934,844 compared to US$39,865,665 on Friday. The buying rate for the US dollar fell 87 cents to close at $126.94. 
A total of US$13,040,458 was sold versus US$31,296,438 on Friday, with the selling rate rising 8 cents to end at $128.45. The Canadian dollar buying rate dropped $2.45 to $93.35, with dealers buying C$1,243,715 and selling C$618,117 at an average rate that fell $1.17 to $96.21. The average rate for buying the British Pound fell $4.34 to $155.15 for the purchase of £1,244,437 while £435,740 was sold at a rate that dipped $3.43 to end at $158.20.
At the end of trading, dealers sold €184,625 as the selling rate for the Euro, closed at $144.60 for fall of 37 cents from Friday’s rate, according to data from Bank of Jamaica. Dealers purchased €198,567 of the European common currency at $139.40 after falling $2.86 from the rate on Friday. The US dollar equivalent of other currencies traded, amounts to US$19,110 being bought and selling of US$13,978.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded currencies in the foreign exchange market on Monday, include a drop of $21.13 in the lowest selling rate of the US Dollar to end at $103.87. The highest buying rate of the Canadian dollar rose 90 cents to $98.70, while the highest selling rate climbed $1.06 to $102.06. The highest buying rate of the British Pound jumped $7.55 to $170.40, the lowest buying rate climbed $6.23 to $136.54, the highest selling rate leapt $8.10 to $177.66 and the lowest selling rate surged $6.50 to $162. Trading in the Euro resulted in a rise in the highest buying rate of $2.20 to $145 and the lowest selling rate dived $20.87 to $114.53.
Juniors climb to new record high – Monday
Trading on the junior market of the Jamaica Stock Exchange on Monday, resulted in advancing stocks edging declining stocks 5 to 4 pushing the junior market index by a robust 27.40 points to 2,477.78.
At the close, 2 securities traded, including one closing at new highs. Trading slipped from Friday’s levels, ending with 499,330 units changing hands, 48 percent lower than on Friday, while value traded, dropped 63 percent to $2,265,060 from $6,200,775, on Friday.
Market activities ended with 7 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In market activity, Cargo Handlers that will split its stock 10 for 1, effective October 22 traded 3,500 shares on Monday at a new high to close $3.90 higher at $90. The stock closed with the bid at $87 to buy 393 units, with an offer at $90 to sell 42,051 units.
In other trading activity, AMG Packaging closed with a gain of $1.50 cents at $19.50 with 5,000 units changing hands, Caribbean Producers remained unchanged in trading 1,950 units to end at $3.50, 
Derrimon Trading climbed 49 cents and closed with 96,209 units changing hands at $4, Honey Bun rose 10 cents in trading 38,789 shares at $6.20. Iron Rock traded 1,400 shares to close at $3.35, KLE Group ended at $1.89 with 35,435 shares changing hands after falling by 16 cents, Knutsford Express lost 80 cents with 939 units changing hands to end at $23.20, Lasco Distributors rose 39 cents with 7,865 units trading, at $7.89. Lasco Financial lost 2 cents and ended with 267,828 shares changing hands at $3.20, Lasco Manufacturing closed at $5 with 33,115 shares trading and tTech traded 7,300 with a loss of 15 cents to end at $4.85.
Just 5 stocks trade on TTSE – Monday
Trading activity on the Trinidad and Tobago stock market ended on Monday with just 5 securities trading at a much higher value than on Monday. Trading ended with only 8,882 shares valued at just $222,428 changing hands, compared to 738,889 shares valued at $13,252,432 on Friday.
The market closed with modest movements in the indices and ended with 1 stock gaining, none declining and 4 remaining unchanged.
The Composite Index rose 0.13 points to close at 1,171.72, the All T&T Index closed unchanged at 1,819.56 and the Cross Listed Index grew by 0.3 points to 69.85 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 
stocks with bids higher than their last selling prices and 3 with lower offers.
Gains| Sagicor Financial Corporation traded 1,000 units and gained 4 cents to close at $7.05.
Firm Trades| Clico Investment Fund closed with 4,955 shares changing hands to end at $22.60, First Citizens Bank traded just 1,000 shares and lost 1 cent to end at $34.98, Massy Holdings ended with 637 shares changing hands at $52 and Trinidad and Tobago NGL closed at $23.65 with 20,925 units changing hands.
