Jamaica Producers traded on Tuesday at new 52 weeks’ high.
The market closed another day of moderate trading, with just 3,350,232 units valued at $30,238,950 changing hands, in all market segments. The junior market accounted for 724,885 shares trading with a value of $2,996,936, of all trades.
A total of 38 securities traded, with the prices of 11 stocks rising, 16 declining, including 6 stocks rising and 6 declining from the junior market as the market continues to consolidate while waiting for fresh and important news to move the market out of the narrow range its been traded.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of market activities, Berger Paints traded 107,426 units to close at $4.50, Cable & Wireless lost by 3 cents while trading 751,041 shares to close at $1.10, Caribbean Cement traded 37,682 shares and fell 10 cents to close at $22.10, Carreras dropped 45 cents in trading 5,832 shares to close at $66. Ciboney closed at 21 cents close at 21 cents with 102,534 units, Grace Kennedy gained 45 cents to close at $119.95 with 51,096 units changing hands.
Jamaica Broilers ended with 218,848 units changing hands with a loss of 40 cents to close at $14.50, Jamaica Producers closed at a 52 weeks’ high $8.60 with a rise of 65 cents with 19,348 shares traded. Jamaica Stock Exchange traded 10,000 shares at $21.35, JMMB Group traded 20,333 units and gained 13 cents to end at $9.85, with Kingston Wharves trading 39,567 units at $15 with a fall of $1.35, after trading as high as $16.30, National Commercial Bank ended with 142,306 units changing hands at $42. Pan Jamaican Investment Trust traded 7,695 shares to close at $24 after falling 30 cents, Portland JSX fell 74 cents and ended with 108,852 shares changing hands at a new closing high of $12.75. Pulse Investments traded 30,000 shares with a rise of 5 cents to end at $2.55, Sagicor Group ended with 47,036 shares changing hands, the price dropped 60 cents to end at $23.05. Scotia Group lost 15 cents with 43,100 shares trading, to close at $30.06, Scotia Investments climbed $1.80 and ended with 94,054 shares trading, to close at $27.80, Proven Investments accounted for 43,335 units to end at 17 US cents and JMMB 7.50% preference share accounted for 732,325 at $1.05.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 8 stocks with bids higher than their last selling prices and 7 with lower offers.
Portland JSX fell 51 cents and ended with 70,533 shares changing hands at a new closing high of $13.49. Pulse Investments traded 30,877 shares with a loss of 4 cents at $2.50, Radio Jamaica traded at $1.59 after 26,338 shares changed hands, with a 1 cent loss, Sagicor Group ended with 32,339 shares changing hands, the price jumped 60 cents to end at $23.65. Sagicor Real Estate Fund traded 17,845 shares to close at $10.12, Scotia Group gained 19 cents with 624 shares trading, to close at $30.21, Scotia Investments climbed $1 and ended with 5.700 shares trading, to close at $26, while Supreme Ventures accounted for only 2,600 units but lost 20 cents to end at $4.30.
The Jamaican FX market enjoyed another day of large surplus of inflows over outflows with US$12 dollar bought by dealers over the amount they sold as the local currency recorded revaluation against all three majors. The surplus bring the net intake by authorized dealers to US$43 million and seems set to result in more gains for the Jamaican dollar during the months of July and August when inflows are at high levels compared to the period from April to June. 
The Canadian dollar buying rate fell 97 cents to end at $92.77 with dealers buying C$1,075,569 and selling C$1,762,340, at an average rate that declined 1 cent to $97.34. The average rate for buying the British Pound fell $1.27 to $160.38 for the purchase of £1,864,043, while just £772,048 was sold, with the rate falling 2 cents to $163.25.
currencies traded amounts to US$502,680 being bought, while US$968,571 was sold.
The junior market closed trading on Monday with more securities participating and more stocks rising than declining than on Friday, but the market index closed higher at the end. The volume of stocks trading amounted to 2,230,238 units valued at $6,146,551, up from 508,544 units valued at $2,291,057 on Friday. 
At the close, AMG Packaging lost 15 cents to end at $12.41 with 18,255 units changing hands, Caribbean Cream gained 10 cents with 153,892 shares changing hands at $5.10, Caribbean Flavours gained 49 cents to close at $7 with 110,167 shares, Caribbean Producers traded 187,110 units with a decline of 8 cents to $3.01. Consolidated Bakeries gained 10 cents in trading 50,700 shares to close at $2.10, Derrimon Trading closed at $3 with 4,905 shares changing hands, General Accident gained 10 cents in trading 4,316 units at $2.15, Honey Bun traded 28,683 shares and gained 9 cents to close at $5.60. Iron Rock Insurance lost 5 cents in trading 21,000 shares and closed at $3.20. ISP Finance Services traded 1,000 shares at $4.10, Jamaican Teas ended with 82,616 shares trading at $3.84, after rising by 4 cents, 
Jetcon Corporation traded 271,621 units and rose 5 cents to $2.70. K.L.E. Group rose 17 cents with 1,000,000 units changing hands at $1.20, Knutsford Express fell by $2.10 with 200 units changing hands at $14.70, Lasco Distributors traded 1,500 units and rose 18 cents to end at $6. Lasco Financial ended with 130,783 shares changing hands, at $3.15, after falling 7 cents, Lasco Manufacturing closed at $5 with 140,085 shares trading, but lost 3 cents in the process, Medical Disposables traded 2,000 shares to close at $3.45 and tTech ended with 21,405 units trading, to close at $4.
Trading on the Trinidad and Tobago stock market closed on Monday, with 11 securities traded compared to only 16 on previously. Unlike Friday when advancing stocks beat out declining ones more than 2 to one, at the close on Monday only 1 stock gained, 5 declined and 5 remained unchanged as two stocks ended at 52 weeks’ lows. The market closed with 78,729 shares valued at $1,082,590 changing hands. 
Republic Financial Holdings ended with 115 shares to close at $107.15 with a fall of 15 cents and Scotiabank contributed 741 shares and fell 7 cents to end at $53.
Knutsford Express fell $2.10 on small volume to $14.70 and Portland JSX fell 80 cents to $13.20 with 26,892 shares changing hands. Elsewhere, Lasco Distributors that came under selling pressure last week traded a small volume of just 1,500 shares at $6.
The selling rate of the Jamaican dollar gained against the US dollar on Friday but lost value against the Pound and the Canadian dollar. Dealers bought the equivalent of US$5 million more than the amount they sold in all currencies, taking the surplus purchased in the last ten days to US$31 million, with the amount bought by dealers bringing in US$39,149,128 while they sold US$33,935,011, compared to US$42,540,905 purchased and US$39,173,759 sold on Thursday. 
The Canadian dollar buying rate fell 38 cents to end at $93.74 with dealers buying C$786,372 and selling C$416,532, at an average rate that rose 93 cents to $97.35. The average rate for buying the British Pound rose 86 cents to $161.65 for the purchase of £1,551,063, while just £581,751 was sold, with the rate climbing 94 cents to $163.27.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Friday, include, a sharp drop of $19.30 in the lowest selling rate of the US dollar to close at $102.95, a rise of $1.90 in the lowest selling rate of the Canadian Dollar to $93.50. The highest buying rate of the British Pound dropped $1.85 to $165.15, the lowest buying rate rose 83 cents to end at $131.14, the highest selling rate slipped $2.61 to close at $170.64 while the lowest selling rate jumped $6 to end at $156. 
The JSE Market Index dropped 1,772.60 points to end at 159,096.91. The all Jamaica Composite Index dived 1,982.38 points to close at 176,760.30 and the JSE combined index sank 1,923.60 points, to end at 168,152.55.
Radio Jamaica traded at $1.60 after 48,727 shares changed hands, with a 10 cents gain, but the stock was offered at $1.58 at the close. Sagicor Group ended with 39,904 shares changing hands, the price fell 45 cents to end at $23.05. Sagicor Real Estate Fund traded 454,950 shares and rose 2 cents to close at $10.12, Scotia Group fell 38 cents with 41,975 shares trading, to close at $30.02, Scotia Investments dropped $1 and ended with 2,000 shares trading, to close at $25, while Supreme Ventures accounted for 54,005 units to end at $4.50. JMMB Group 7.5% preference share traded 200,000 units to close with a gain of 1 cent at $1.05 and Jamaica Money Market Brokers 7.5% preference share traded 61,809 units to close with a loss of 1 cent at $2.09.
but that was insufficient to recover losses for the overall market.
Derrimon Trading gained 5 cents to $3 with 5,000 shares changing hands, Honey Bun traded 7,860 shares at $5.51, Jamaican Teas ended with 21,902 shares trading at $3.80, 
