Blog Page — Page 1138

7 junior stocks fall – Monday

January 25, 2016 by IC Insider.com

General Accident traded at a 52 weeks’ high on Monday

The junior market closed on Monday with 13 securities trading, 3 of which advanced, 6 declined. The market index declined by 19.79 points to end at 2,226.08 and a total of 2 stocks closed at a new 52 weeks’ highs.
The volume of 1,200,794 units changed hands, valued at $5,249,310. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, AMG Packaging fell 50 cents to close at $11.50 with 2,050 units changing hands, Blue Power traded just 433 shares at $11, C2W Music closed with 35,000 units changing hands to close at 49 cents, Caribbean Cream ended with 950 shares changing hands with a rise of 45 cents to close at $4.55.

Caribbean Producers traded 770 units to close with a loss of 30 cents at $5.50, Consolidated Bakeries closed at $1.40 with 27,800 units trading, General Accident gained 45 cents while trading 222,764 shares to close at $2.60, KLE Group ended at a new 52 weeks’ high of $2.60 with 95,331 shares changing hands with a gain of 45 cents. Lasco Distributors closed with 242,356 units trading and ended with a gain of 2 cents at $7.82, Lasco Financial closed 1 cent lower at $4.14 with 236,561 shares changing hands. Lasco Manufacturing fell 16 cents in trading 258,279 shares to close at $4.84, Medical Disposables closed at $3.55 with 7,500 shares trading and Sweet River lost 2 cents to close at $3.90 with 71,000 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: C2W Music, Caribbean Producers, Honey Bun, Knutsford Express, Lasco Financial, Medical Disposables

JSE majors jump

January 25, 2016 by IC Insider.com

After 90 minutes of trading, the all Jamaica Composite Index rose. 2,335.54 points to 176,776.21 the JSE Market Index gained 2,089.86 points to 159,114.93, the JSE combined index rose 1,710.81 points to 170,004.17 and the junior market index fell 28.76 points to 2,249.10. In trading, 24 securities were active and accounted for 1,987,866 units changed hands with 9 stocks rising and 5 falling.
A number of stocks traded at new 52 week’s highs in both the main and junior market, with Supreme Ventures rising to $6.55, General Accident climbing to $2.60 and Caribbean Cement jumping $3.50 to $25.50.

Filed Under: JSE Main Market, Stock Market

Jam$ loses value all round – Monday

January 25, 2016 by IC Insider.com

Trading in the Jamaican foreign exchange market rose on Monday, from Friday levels and well above trading on the prior Monday when only $27.6 million was purchased. Monday ended with dealers buying the equivalent of US$43,368,650 and selling US$39,093,223, compared with US$29,100,279 purchased and US$26,283,796 sold on Friday.
In US dollars trading, dealers bought US$38,895,652 compared to US$26,956,579 on Friday with the buying rate for the US dollar rising 4 cents to $120.42. A total of US$37,043,813 was sold versus US$25,059,286 on Friday as the selling rate climbed by 6 cents to $121.11. The Canadian dollar buying rate gained $1.46 to end at $82.91 with dealers buying C$2,285,181 and selling C$1,484,552, at an average rate that rose 28 cents to $84.87. The rate for buying the British Pound climbed $1.41 to $169.73 for the purchase of £1,835,997, while £520,136 was sold, with the rate gaining 47 cents to $170.63. At the end of trading the sale of the Euro, ended with a gain of 2 cents at J$131.03, from Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.35 for a fall of 42 cents from Friday’s rate. The US dollar equivalent of other currencies traded, amounts to US$311,814 being bought, while US$276,301 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a rise of $1.42 in the lowest buying rate of the British Pound, to end at $138.20 and a fall in the lowest selling rate of $1.55 to $163.75.

Filed Under: FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, euro, FX Market, J$ vs euro, Jamaica dollar, Trading Activity, US Dollar

80% of Dolphin Cove overseas

January 24, 2016 by IC Insider.com

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World of Dolphins increased their holding in Dolphin Cove to 79.99 percent following the closing of compulsory offer to purchase shares from the minority shareholders, the company reported in a release to the stock exchange.
The Offer was accepted by 110 shareholders of Dolphin Cove who tendered 48,815,711 ordinary shares representing approximately 12.44 percent of all the shares issued by Dolphin Cove. Stafford Burrowes former majority owner sold a further 35,475,929 shares to World of Dolphins at the offer price of US$0.1338 per share.
On November 18, 2015, World of Dolphins Inc. acquired 58.51 percent amounting to 229,610,218 shares in Dolphin Cove’s issued shares. The majority of these shares were purchased from Stafford Burrowes, the founder and principal shareholder of Dolphin Cove. On December 18, 2015, World of Dolphins Inc. made the follow-up offer (“the Offer”) to purchase all shares in Dolphin Cove not already held by World of Dolphins at a price of US$0.1338 per share.

Filed Under: Company News, General Business News Tagged With: Dolphin Cove, Dolphin World, Stafford Burrowes

7 TTSE stocks gained 4 fell – Friday

January 22, 2016 by IC Insider.com

Grace Kennedy closed at a 52 weeks’ high of $4.10 on Friday

Activity on the Trinidad and Tobago Stock Exchange continued to reflect a negative tone with moderate trading with 16 securities being active on Friday. The market closed with 7 stocks gaining, 4 declining with the prices of 5 remaining unchanged while 2 securities closed at 52 weeks’ high and 1 at a 52 weeks’ low. A total of 270,184 shares changed hands valued at $3,035,407.
The Composite Index advanced by 1.15 points to 1,164.29, the All T&T Index lost 0.94 points to 1,937.34 and the Cross Listed Index advanced by 0.44 points to close at 51.59.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 2 stocks with bids higher than the last selling price and 8 stocks with offers that were lower.
Gains| Angostura Holdings ended with a gain of 2 cents at $13.62 with 15,906 shares changing hands. Clico Investment Fund traded 26,327 shares valued at $598,502 but rose 1 cent to close at $22.74, First Citizens gained 1 cent with 5,419 shares trading to end at $35, FirstCaribbean International Bank traded 112,824 shares for a value of $577,659 to close at a 52 weeks’ high of $5.12 with a 10 cents rise. Grace Kennedy closed with 5,503 units trading, and rose 4 cents to close at a 52 weeks’ high of $4.10, Point Lisas closed with 1,000 units changing hands to end at $4 to record a gain of 7 cents and Unilever Caribbean ended with a 5 cents rise as 2,200 shares changed hands at $67.80.
Losses| Guardian Holdings had 1,760 units changing hands and lost 1 cent to close at $14, Sagicor Financial Corporation lost 1 cent to end with 3,555 shares changing hands at $6.49.Scotia Investments contributed 31 shares but gained of 6 cents to close at $1.58 and Trinidad and Tobago NGL closed with loss of 41 cents as 3,410 units traded at a 52 weeks’ low of $20.84.
Firm Trades| Agostini’s traded 1,100 shares at $16.95, JMMB Group with 3,126 shares changing hands, closed at 55 cents, National Commercial Bank traded 79,067 shares at $2.29. Republic Financial Holdings closed at $112 as 8,556 shares valued at $958,272 changed hands, this stock is in demand with bids at $112 to buy 218,309 units and L.J. Williams 8% preference traded 500 units at $3.30.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, Clico Investment Fund, Firstcaribbean International Bank, JMMB Group, L.J. Williams, National Flour Mills, Republic Financial Holdings, Sagicor Financial Corporation, Scotia Investments, Trinidad and Tobago NGL

Jamaican $ fairly stable on Friday

January 22, 2016 by IC Insider.com

Trading in the Jamaican foreign exchange market declined sharply on Friday, from the expanded level on Thursday with dealers buying the equivalent of US$29,100,279 and selling US$26,283,796, compared with US$86,482,978 purchased and US$81,286,470 sold on Thursday.
In US dollars trading, dealers bought US$26,956,579 compared to US$81,408,190 on Thursday with the buying rate for the US dollar falling 40 cents to $120.38. A total of US$25,059,286 was sold versus US$76,491,607 on Thursday as the selling rate climbed by just 1 cent to $121.05. The Canadian dollar buying rate dropped $2.70 to end at $81.45 with dealers buying C$975,164 and selling C$756,808, at an average rate that fell 85 cents to $84.59. The rate for buying the British Pound slipped $1.39 to $168.32 for the purchase of £942,480, while £313,967 was sold, with the rate gaining 19 cents to $170.16. At the end of trading the sale of the Euro, ended with a loss of 85 cents at J$131.01, from Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.77 for a fall of 17 cents from Thursday’s rate. The US dollar equivalent of other currencies traded, amounts to US$166,009 being bought, while US$254,239 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a sharp drop of $16.55 in the lowest selling rate of the US dollar to $100.95. The Canadian dollar lowest selling rate rose by $1.50 to $79.50 and there was a rise of $1.32 in the highest buying rate of the British Pound, to $173.75.

Filed Under: FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, euro, FX Market, J$ vs euro, Jamaica dollar, Trading Activity, US Dollar

138 Student Living big Friday sale

January 22, 2016 by IC Insider.com

138 Student Living had 12.5m ordinary shares trading on Friday

138 Student Living traded 12.5 million shares valued at $66.25 million Friday on the Jamaica Stock Exchange with the stock ending at an all-time high of $5.30 after rising by 20 cents in a trading session that saw over 300 points being cut from the main market indices.
The number of securities changing hands remained high with 44 changing hands on Friday, in all market segments. At the close, 16 securities in the combined markets gained and 13 declined.
Five stocks closed at 52 weeks’ highs and two traded at intraday high as 17,493,274 units valued at $112,767,164 changed hands in all markets. The junior market accounted for 1,058,983 units changed hands, valued at $6,002,466.
The JSE Market Index fell by 318.51 points to 156,706.56 the all Jamaica Composite Index closed with a loss of 355.96 points to end at 174,084.71 and the JSE combined index declined 246.21 points to close at 168,047.15.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator declined from an elevated level on Thursday with the current reading of only 8 stocks with bids higher than their last selling prices and 2 with lower offers.
In trading, Barita Investments traded 10,000 shares and lost $1.97 to close at $4.03, Berger Paints closed at $3.60 as 107,349 units traded, Cable and Wireless ended with 205,751 units changing hands to close with a gain of 2 cents at $1.51, Caribbean Cement fell $2.50 to close at $22, with 223,713 shares changing hands. Carreras rose $3.05 in trading 15,369 shares at $63.05, for a new 52 weeks’ high, Ciboney lost 2 cents in trading 502,380 shares at 24 cents, Gleaner traded 15,000 units at a loss of 28 cents at $2.40, Grace Kennedy gained $3.50 and closed at $84, with 89,111 units changing hands. Jamaica Broilers closed at $13.50 with 260,019 shares changing hands. Jamaica Producers ended with 8,270 shares trading, to close at $31, Jamaica Stock Exchange rose 4 cents to close at $19.70 while trading 109,420 shares, JMMB Group traded 108,518 units to end with a loss of 1 cent at $11. Kingston Wharves traded 6,992 units to close at $11. Mayberry Investments traded 48,924 shares and lost 17 cents to close at $4.70. National Commercial Bank ended with a gain of $1.80 at $43 with 76,733 units changing hands, Pan Jamaican Investments closed at $96 with 4,382 shares trading. Radio Jamaica traded 405,020 shares but fell 60 cents to $4.20, Sagicor Group rose by $1.25 to close at $23.25 with 240,545 units changing hands, Scotia Group had 286,042 shares changing hands to close at $30.41, Supreme Ventures traded at an intraday 52 weeks’ high of $6 but ended at $5.50 with 983,022 units changing hands. Proven Investments ordinary share traded 113,047 units at 22 US cents, down by 0.99 US cents on Friday and Proven Investments preference share traded 104,100 units at $5.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Scotia Group

Juniors inch up Friday with 9 gains

January 22, 2016 by IC Insider.com

Knutsford Express ended at a new all-time high of $15

The junior market closed on Friday with 18 securities trading, 9 of which advanced, 4 declined. The market index rose 5.99 points to end at 2,245.87 and a total of 3 stocks closed at a new 52 weeks’ highs.
The volume of 1,058,983 units changed hands, valued at $6,002,466. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial Services closed with a loss of 50 cents to $16.50 with 1,821 units changing hands, AMG Packaging closed at $12 with 9,520 units changing hands, Caribbean Cream ended with 17,700 shares changing hands with a loss of 65 cents to close at $4.10. Caribbean Producers traded 12,389 units to close with a rise of 15 cents to end at $5.80, Consolidated Bakeries closed at $1.40 with 500 units trading, Derrimon Trading closed at a 52 weeks’ high of $4.20 after rising 10 cents with 83,825 shares trading, Dolphin Cove traded 3,816 shares with a gain of 7 cents to close at $15.75. General Accident gained 5 cents while trading 5,369 shares to close at $2.15, Honey Bun closed with 10,101 shares changing hands at $7.65, KLE Group ended at a new 52 weeks’ high of $2.30 with 14,743 shares changing hands with a gain of 10 cents.

Knutsford Express traded at a new high of $15 by rising by $2.70 with 20,820 units, Lasco Distributors closed with 164,550 units trading and ended with a gain of 3 cents at $7.90, Lasco Financial closed at $4.15 with 117,081 shares changing hands after it traded earlier at $4.75. Lasco Manufacturing gained 1 cent in trading 492,259 shares to close at $5, Medical Disposables closed at $3.55 with 1,000 shares trading, Paramount Trading loss 5 cents to close at $10.50 with 29,482 shares trading and tTech closed with a gain of 20 cents at $4.90 with 27,096 units changing hands.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, Caribbean Producers, Derrimon Trading, Dolphin Cove, Eppley, Honey Bun, Knutsford Express, Lasco Financial, Medical Disposables, tTech

Big jump in FX trades on Thursday

January 21, 2016 by IC Insider.com

Trading picked up in the Jamaican foreign exchange market on Thursday over the low level on Wednesday but is still below the levels expected for this time of the year with dealers buying the equivalent of US$86,482,978 and selling US$81,286,470, compared with US$30,144,415 purchased and US$32,965,153 sold on Wednesday.
In US dollars trading, dealers bought US$81,408,190 compared to US$25,692,915 on Wednesday with the buying rate for the US dollar rising 65 cents to $120.78. A total of US$76,491,607 was sold versus US$27,660,961 on Wednesday as the selling rate climbed by 3 cents to $121.04. The Canadian dollar buying rate jumped $1.95 to end at $84.15 with dealers buying C$3,747,853 and selling C$5,750,040, at an average rate that rose $1.86 to $85.44. The rate for buying the British Pound climbed $1.14 to $169.71 for the purchase of £1,686,196, while £456,382 was sold, with the rate gaining 3 cents to $169.97. At the end of trading, it took J$131.86 to purchase the Euro, for a rise of 15 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.94 for a climb of 12 cents from Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$94,363 being bought, while US$95,194 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a jump of $18.72 in the lowest selling rate of the US dollar to $117.50. The Canadian dollar highest buying rate rose by $1.60 to $85.25. There was a rise of $3.74 in the highest selling rate of the British Pound, to $179.01 and an increase in the lowest selling rate of $1.20 to $164.50.

Filed Under: Feature Stories, FX Market, Stock Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, euro, FX Market, J$ vs euro, Jamaica dollar, Trading Activity, US Dollar

T-Bill rate slide continues

January 21, 2016 by IC Insider.com

Interest rates on the 91 and 182 days Treasury bill instruments fell in the latest auction of the short-term government fund raising issues. Rates on the 28 days instrument auctioned on January 13, rose as the amount chasing the $400 million on offer fell below the offered amount with $391,812,700 applied for, with the rate rising from 5.97% to 6.04%. The 91 days instrument saw a slight drop in the rate below 6 percent for the second consecutive month with an average rate of 5.94%, a fall from 5.96% with $636,369,700 chasing the amount of $400 million on offer and the 182 days instrument fell from 6.04% to 5.94% with applications amounting to $872,369,200 for the $400 million on offer.