The main market of the Jamaican Stock Exchange made small gains in the early morning session on Monday but the junior market suffered a mild decrease while newly listed Iron Rock Insurance slipped in price again by 25 cents to $3.75 while trading 117,100 shares.
After 90 minutes of the market’s opening, 25 securities traded, accounting for a mere 839,756 shares changing hands as 8 stocks gained and 5 declined.
The all Jamaica Composite Index rose 164.02 points to 170,199.28, the JSE Market Index gained 146.76 points to 153,229.83, the JSE combined index ended with rise of 121.87 points to 162,303.75 but the junior market index lost 1.80 points to 1,972.52.
Modest gains for JSE majors – Monday
March 21, 2016 by
Mixed day for Jamaican$ on Friday
March 18, 2016 by
Trading resulted in the Jamaican dollar falling in value on Friday against the Canadian dollar and Pound sterling but rising against the US dollar. The market ended with dealers buying the equivalent of US$33,506,151 and selling US$31,293,513, in contrast to US$32,371,601 purchased and US$38,885,383 sold on Thursday.
In US dollars trading, dealers bought US$29,939,202 compared to US$27,218,608 on Thursday, as the buying rate for the US dollar remained unchanged at $121.29. A total of US$29,104,944 was sold versus US$35,303,983 on Thursday, the selling rate fell 4 cents to end at $121.98.
The Canadian dollar buying rate fell 12 cents to end at $91.89 with dealers buying C$2,088,057 and selling C$1,686,205, at an average rate that gained 99 cents to $94.07. The rate for buying the British Pound jumped $1.25 to $172.43 for the purchase of £1,157,998, while £472,442 was sold, on Thursday, as the rate climbed $2.81 to $174.91. At the end of trading, the selling rate for Euro, rose $2.97 to close at J$138.08, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.20 for a rise of $2.89 from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$338,687 being bought, while US$210,802 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Friday are, a gain of $1.66 in the lowest buying rate of the Canadian dollar to close at $74.29 and a rise of $2.40 in the lowest selling rate to $87.90. The highest buying rate of the British Pound slipped $1.65 to end at $176.20, while the lowest buying rate declined $3.16 to $140.69, the highest selling rate gained $3.37 to $183.06 and the Lowest selling rate was down $1.10 to $166.10.
More gains for JSE – Friday
March 18, 2016 by
Jamaica Producers traded 2.26m shares
on Friday.
The JSE Market Index recovered 473.06 points to end at 153,083.07, the all Jamaica Composite Index added 528.67 points to end at 170,035.26 and the JSE combined index gained 380.86 points to close at 162,181.88.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 10 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of the market activities, Cable & Wireless traded 106,517 units to close at $1.37, Caribbean Cement ended at $23.50 with 109,949 shares trading, after gaining $1, Carreras traded 38,075 shares and rose by $1 to $65, Desnoes and Geddes traded 14,000 shares but lost 73 cents to close at $24. Gleaner lost 1 cent and closed at $2.09 with 181,862 shares changing hands. Grace Kennedy closed with 29,093 shares trading with a loss of 1 cent at $82.99, well below the $97 equivalent, it last traded at in Trinidad. Jamaica Broilers traded 389,818 units to close at $14.09, Jamaica Producers traded 2,261,978 units to close with a gain of 72 cents at $31, Jamaica Stock Exchange fell 45 cents in trading 11,784 units to close at $22, JMMB Group had 129,188 units changing hands but fell 5 cents in closing at $10. Kingston Wharves traded 3,366 shares to close with a loss of 5 cents at $11.45, Mayberry Investments traded 41,168 shares but rose 25 cents to end at $4.45.
National Commercial Bank with 833,006 shares changing hands, closed 10 cents higher at $40, Pan Jamaican investment fell $1.98 to close at $93.02 with 6,096 shares, Proven Investments ordinary share traded 9,000 units and gained 1 US cent in closing at 21 US cents, Radio Jamaica ended with 27,747 units changing hands for 24 cents higher to close at $4.99. Sagicor Group gained 48 cents with 684,972 shares changing hands at $23, Sagicor Real Estate Fund traded 9,100 shares and rose 90 cents to close at $10.90, Scotia Group had 33,980 shares changing hands to close at $30.51 after rising 1 cent. Seprod traded 57,544 shares and fell 69 cents to close at $18.51, Supreme Ventures closed with a loss of 5 cents at $5 with 11,600 units changing hands and JMMB 7.5% preference share traded 50,000 units but lost 5 cents to end at $2.10.
General Accident dominates juniors – Friday
March 18, 2016 by
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General Accident traded 2.8m shares on Friday
The market ended with 14 securities trading, 5 of which declined and 6 advancing and 3,473,758 units changing hands, valued at $11,095,522. One stock traded at an intraday 52 weeks’ high
At the close, 1 security ended with no bid and 6 securities had no stocks being offered for sale. There were 3 stocks closing with bids that were higher than their last selling prices and 5 ended with lower offers.
In trading, Access Financial traded 24,500 in one block as a cross at $16.50 for a loss of 1 cent, AMG Packaging gained 5 cents with 5,814 units changing hands to close at $11.47, Caribbean Cream traded 120,000 shares and rose 69 cents to $4.75 but closed with the offer at $4.30 to sell 45,000 units. Caribbean Flavours had 3,000 units trading firm at $8, Caribbean Producers traded 16,000 shares but slipped 25 cents to $4.17, Consolidated Bakeries ended with 21,000 shares trading at $1.30 after dropping 18 cents,
Dolphin Cove closed with 100 shares changing hands at $15.29, General Accident jumped 60 cents to close at a 52 weeks’ high of $3 with 2,811,669 shares. Honey Bun traded only 1,000 units at $13.08 after falling 41 cents, Jamaican Teas closed at $5 after the split of the issued stock into 2 shares, with 222,773 units traded, the price went as high as $5.05 before closing. Lasco Distributors closed with 32,418 units trading with a rise of 22 cents at $5.98, Lasco Financial ended at $3.02 with 33,785 shares changing hands with a 2 cents gain and Lasco Manufacturing ended with 94,183 shares changing hands to close at $3.90 with a rise of 9 cents.
Big drop again for TTSE – Friday
March 18, 2016 by
Scotiabank at a new 52 weeks’ low on TTSE.
The market closed with the Composite Index declined by 10.05 points to close at 1,142.63, the All T&T Index fell by 19.89 points to close at 1,831.46 and is down by 6.3 percent since the start of the year and the Cross Listed Index declined by 0.01 points to 60.25.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 6 with offers that were lower. More telling is the fact that about a third of the listings have no bids to buy.
Gains|Prestige Holdings with 2,812 units changing hands ended at a 52 weeks’ high of $11.21 to record a gain of 5 cents.
Losses| ANSA McAL contributed 39,272 shares valued at $2,485,487 but lost 33 cents in closing at a 52 weeks’ low of $63.35, First Citizens lost 24 cent in closing at $34.74 with only 287 units changing hands. LJ Williams B share lost 2 cents in closing at 97 cents with 250 units changing hands, Massy Holdings ended with a loss of 71 cents with 5,000 shares changing hands at a new 52 weeks’ low of $55.99, National Enterprises closed with 11,640 shares changing hands at to close at a 52 weeks’ low of $10.50 after falling by $1, Sagicor Financial Corporation traded 100 units at $6.98
after slipping by 1 cent, Scotiabank traded 2,173 shares but dropped by $1.97 to end at a 52 weeks’ low of $57.49.Firm Trades| Clico Investments Fund ended with a volume of 70,873 shares valued at $1,598,142 to end at $22.55, Grace Kennedy traded 100 shares to end at $5.20, LJ Williams 8% preference share traded 200 units at $3.30. Trinidad and Tobago NGL ended trading 21,157 shares with a value of $403,041 at $19.05 and Unilever Caribbean had 395 shares trading at $65.99.
Major’s strong gains on JSE – Friday
March 18, 2016 by
The main market of the Jamaican Stock Exchange made strong gains in the early morning session on Friday amounting to close to 1 percent but the junior market barely increased. Newly listed Iron Rock Insurance slipped 20 cents to $4.30.
After 90 minutes of the market’s opening, 35 securities traded, accounting for 4,351,342 shares changing hands as 18 stocks gained and 9 declined.
The all Jamaica Composite Index rose 1,592.13 points to 171,098.72, the JSE Market Index gained 1,424.66 points to 154,034.67, the JSE combined index ended with rise of 1,358.00 points to 163,159.02 but the junior market index rose by just 1.75 points to 1,983.19.
Caribbean Cream traded 120,000 to end at $4.75, General Accident Insurance had 2,811,669 units changing hands to trade at a previous 52 weeks’ high of $3, Jamaican Teas fresh from the stock split traded 122,008 at $5. Carreras traded 38,075 shares to gain $1 at $65, National Commercial Bank had 216,911 shares changing hands at $41, Scotia Group traded 28,450 to add 50 cents and end at $31 and Seprod had 35,479 units changing hands at $18.51 after shedding 69 cents.
Solid gains for JSE – Thursday
March 17, 2016 by
Sagicor Group HQ – the stock traded 1.8m units
Main market stocks collectively made further recovery on Thursday, with advancing stocks edging out declining stocks. For the overall market, 39 securities changed hands, in all market segments with 15 rising and 13 declining while 3 closed at record highs. The market closed with 6,927,350 units valued at $96,137,248 changing hands in all markets. The junior market accounted for 1,654,174 units changing hands, valued at $16,966,569.
The JSE Market Index recovered 862.19 points to end at 152,610.01, the all Jamaica Composite Index added 963.55 points to end at 169,506.59 and the JSE combined index gained 840.57 points to close at 161,801.02.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 11 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of the market activities, Caribbean Cement ended at $22.50 with 400 shares trading after gaining $2.50, Desnoes and Geddes traded only 1,000 shares but rose $1.13 to $24.73, Gleaner closed at $2.10 with 250,029 shares changing hands. Grace Kennedy closed with 10,752 shares trading with a gain of 40 cents at $83, well below the $97 equivalent, it last traded at in Trinidad. Jamaica Broilers traded 31,174 units to close at $14.09, Jamaica Producers traded 542,984 units to close with a loss of 2 cents at $30.28, Jamaica Stock Exchange gained 15 cents in trading 1,550 units to close at $22.45, JMMB Group had only 25,250 units changing hands but fell 5 cents in closing at $10.05. Kingston Wharves traded 3,000 shares to close at $11.50, Mayberry Investments traded 1,957,711 shares but lost 20 cents to 
end at $4.20 National Commercial Bank with 25,525 shares changing hands, to close $1.10 lower at $39.90, Proven Investments ordinary share traded 232,356 units and fell 1 US cent in closing at 20 US cents, Pulse Investments traded 10,000 shares to gain 40 cents and end at $3.30, Radio Jamaica ended with 11,124 units changing hands 25 cents higher to close at $4.75. Sagicor Group gained 42 cents with 1,823,949 shares changing hands at $22.52, Sagicor Real Estate Fund traded 27080 shares and lost 35 cents to close at $10, Scotia Group had 81,015 shares changing hands to close at $30.50 after falling 60 cents. Supreme Ventures closed with a gain of 5 cents at $5.05 with 33,200 units changing hands and Proven Investments 8% preference share traded 205,077 at $5.02 after rising 2 cents.
Juniors move higher again – Thursday
March 17, 2016 by
Jamaican Teas closed at a new all time high of $5 on Thursday.
Iron Rock Insurance traded 521,013 shares at a new high of $4.40 after rising by 37 cents at the close but traded as high as $4.51 for a record high, Jamaican Teas and Knutsford Express also traded at new record highs on Thursday. The junior market enjoyed another day of a rising index at the close on Thursday with a small gain of 3.12 points to end at 1,981.44.
There were two stocks closing at 52 weeks’ high at the close. The market ended with 14 securities trading, 6 of which declined and 5 advancing and 1,654,174 units changing hands, valued at $16,966,569.
At the close, 1 security ended with no bid and 6 securities had no stocks being offered for sale. There were 3 stocks closing with bids that were higher than their last selling prices and 4 ended with lower offers.
In trading, Access Financial traded 762,000 in one block as a cross at $16.51 for a loss of 49 cents, AMG Packaging gained 2 cents with 2,424 units changing hands, to close at $11.42, Blue Power traded 11,700 shares at $11, Consolidated Bakeries ended with 2,047 shares trading at $1.48. General Accident closed with 24,248 shares but lost 40 cents at $2.40, Honey Bun traded 37,500 units at $13.49 after gaining 41 cents, 
Jamaican Teas closed at a new high of $5 after the split of the issued stock into 2 shares, 14,100 units traded to record a gain of $1.15 for the day. Knutsford Express closed at a new 52 weeks’ high of $22 with 640 units changing hands, Lasco Distributors closed with 139,820 units trading with a loss of 23 cents at $5.76, Lasco Financial ended at $3 with 78,381 shares changing hands with a 10 cents loss. Lasco Manufacturing ended with 50,927 shares changing hands to close at $3.81 with a fall of 19 cents, Paramount Trading ended with just 718 units changing hands at $11.31 and tTech fell by 5 cents to close at $4.20 with 8,656 units changing hands.
Losses for Jamaican$ on Thursday
March 17, 2016 by
Trading resulted in the Jamaican dollar falling in value on Thursday against all majors it normally trade against. The market ended with dealers buying the equivalent of US$32,371,601 and selling US$38,885,383, in contrast to US$32,239,806 purchased and US$36,057,709 sold on Wednesday.
In US dollars trading, dealers bought US$27,218,608 compared to US$29,447,273 on Wednesday, as the buying rate for the US dollar remained unchanged at $121.29.
A total of US$35,303,983 was sold versus US$34,805,943 on Wednesday, the selling rate rose 2 cents to end at $122.02. The Canadian dollar buying rate rose $2.68 to end at $92.01 with dealers buying C$2,284,261 and selling C$2,483,743, at an average rate that gained $2.77 to end at $93.08. The rate for buying the British Pound jumped $2.80 to $171.18 for the purchase of £2,160,452, while £964,420 was sold, on Wednesday, as the rate climbed $2.04 to $172.10. At the end of trading, the selling rate for Euro, lost 49 cents to close at J$135.10, from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$132.31 for a fall of 47 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$371,110 being bought, while US$326,270 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Thursday are, a gain of $2.12 in the highest buying rate of the Canadian dollar to close at $94.12 and a rise of $4.85 in the highest buying rate of the British Pound to end at $177.85, while the lowest buying rate fell 83 cents to $137.53.
Big drop on TTSE – Thursday
March 17, 2016 by
The slide on the Trinidad & Tobago Stock Exchange continued on Thursday with trading ending with 305,051 shares valued at $24,989,105 changing hands as Republic Financial holdings accounted for $23 million of the value of trade. A total of 13 securities traded with 7 falling, none gaining while 6 remained unchanged. A total of 3 stocks closed at a 52 weeks’ low.
The market closed with the Composite Index declined by 6.21 points to close at 1,152.68, the All T&T Index fell by 12.35 points to close at 1,851.35 and the Cross Listed Index remained at 60.26.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 7 with offers that were lower. More telling is the fact that about a third of the listings have no bids to buy.
Losses| Clico Investments Fund ended with a volume of 21,047 shares valued at $474,610 as the price declined by 18 cents to end at $22.55, First Citizens lost 1 cent in closing at $34.98 with only 140 units changing hands. National Enterprises closed with just 10,020 shares changing hands at to close at a 52 weeks’ low of $11.50 after falling by $1, One Caribbean Media had 672 shares trading with a loss of 1 cent to end at a 52 weeks’ low of $21.97. Scotiabank traded 6,190 shares but slipped 2 cents to end at a 52 weeks’ low of $59.46 and Unilever Caribbean fell by 1 cent with 305 shares trading at $65.99.
Firm Trades| National Commercial Bank ended trading 15,650 shares at $2.40, Republic Financial Holdings closed at $112.19 with 208,447 shares changing hands for a value of $23,385,703, JMMB Group traded 12,500 shares at 58 cents. Sagicor Financial Corporation traded 312 units at $6.99, Trinidad and Tobago NGL ended trading with 25,114 shares with a value of $478,422 at $19.05, Trinidad Cement closed at $3.68 with 25,114 shares changing hands and West Indian Tobacco traded 515 units at $126.30 worth $1,333,728.
