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C&W trades 51.4m shares on Thursday

January 21, 2016 by IC Insider.com

C&W traded 51.4 Million shares on Thursday

Cable & Wireless traded over 51 million shares on Thursday on the Jamaica Stock Exchange as Sagicor Investments crossed more than 48 million on behalf of clients. The market continues to enjoy wide securities participation with 40 changing hands on Thursday in all market segments. At the close, 13 securities in the combined markets gained and 18 declined with the market indices climbing sharply.
Five stocks closed at 52 weeks’ highs and two traded at intraday high as 54,222,475 units valued at $114,953,664 changed hands in all markets. The junior market accounted for 1,498,422 units changed hands, valued at $9,013,294.
The JSE Market Index eked out an increase of 1,207.54 points to 157,025.07, the all Jamaica Composite Index closed with an increase of 1,349.49 points to end at 174,440.67 and the JSE combined index rose 1,080.44 points to close at 168,293.36.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reached an elevated level indicating several rising prices ahead with reading of 15 stocks with bids higher than their last selling prices and 5 with lower offers.
In trading, Barita Investments traded 20,000 shares and gained 72 cents to close at $6, for a 52 weeks’ high, at the close that stock had 10,000 offered to sell at $5, Berger Paints closed at $3.60 as 11,893 units traded, Cable and Wireless ended with 51,362,980 units changing hands to close with the loss of 1 cent at $1.49. Caribbean Cement fell 50 cents to close at $24.50, with 53,086 shares changing hands, Carreras lost $1 in trading 50,666 shares at $60, Desnoes & Geddes traded 24,527 units at a loss of 2 cents at $28.51, Grace Kennedy lost $1.52 and closed at $81.50, with 83,802 units changing hands. Jamaica Broilers closed at $13.50 with 107,799 shares changing hands to record a gain of 99 cents. Jamaica Producers lost $2.13 with 37,716 shares trading, to close at $31, Jamaica Stock Exchange lost 14 cents to close at $19.66 while trading 4,899 shares, JMMB Group traded 25,606 units to end with a loss of 79 cents at $11.01, Kingston Wharves lost 5 cents, in trading 23,750 units to close at $11. Margaritaville Turks traded 41,800 shares at 11 US cents. National Commercial Bank ended with a gain of 30 cents at $41.20, with 14,298 units changing hands, Pan Jamaican Investments closed at $96 with 10,779 shares trading. Pulse Investments traded 30,100 shares but fell 20 cents to $2.50, Sagicor Group rose by 40 cents to close at $22 with 32,585 units changing hands, Scotia Group lost 7 cents with 228,567 shares changing hands to close at $30.41. Sterling Investments closed with 157,800 shares changing hands at $13 and Supreme Ventures rose 35 cents to end at a 52 weeks’ high of $5.50 with 400,000 units changing hands.

Juniors slip again on Thursday

January 21, 2016 by IC Insider.com

Honey Bun closed at a 52 weeks’ high of $7.65.

The junior market closed on Thursday with 16 securities trading, 6 of which advanced, 6 declined with the market index falling by 6.44 points to end at 2,239.88. A total of 2 stocks closed at a new 52 weeks’ highs.
The volume of 1,498,422 units changed hands, valued at $9,013,294 with indicators showing potential for a resumption of upward price movements with the supply of stocks being reduced as indicated by the increased number of stocks without offers. At the close, 1 security ended with no bid to buy and 8 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Blue Power ended at $11 with 6,433 shares trading, C2W Music ended at 49 cents while 48,850 units changed hands, Cargo Handlers closed with a loss of 1 cent at $11 with 2,280 units changing hands, Caribbean Cream ended with 35,000 shares changing hands with a loss of 5 cents to close at $4.75. Caribbean Flavours traded 352,178 units to close with a rise of 10 cents to end at $9, Consolidated Bakeries closed at $1.40 with 69,807 units trading, Derrimon Trading closed at $4.10 after losing 5 cents with 50,000 shares trading, Dolphin Cove traded 20,000 shares with a gain of 8 cents to close at $15.68. General Accident lost 20 cents while trading 2,100 shares to close at $2.10,

Honey Bun rose 24 cents in closing at a 52 weeks’ high of $7.65 as 32,000 shares changed hands, KLE Group ended at new 52 weeks’ high of $2.20 with 34,000 shares changing hands with a gain of 10 cents. Lasco Distributors closed with 150,700 units trading and ended with a loss of 13 cents at $7.87, Lasco Financial closed at $4.15 with 278,988 shares changing hands after gaining 15 cents. Lasco Manufacturing lost 1 cent in trading 358,622 shares to close at $4.99, Paramount Trading gained 2 cents to close at $10.55 with 29,500 shares trading and tTech closed at $4.70 with 27,964 units changing hands.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, C2W Music, CAC 2000, Cargo Handlers, Caribbean Flavours, Daily Trading, Dolphin Cove, Honey Bun, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

TTSE stocks under pressure on Thursday

January 21, 2016 by IC Insider.com

Activity on the Trinidad and Tobago Stock Exchange continued to reflect a negative tone with moderate trading with 11 securities being active on Thursday. The market closed with 3 stocks gaining, 3 declining with the prices of 5 remaining unchanged while 1 securities closed at 52 weeks’ high. A total of 468,388 shares changed hands valued at $9,745,393.
The Composite Index ended with a fall of 0.27 points to 1,163.41 the All T&T Index lost 0.02 points to 1,938.30 and the Cross Listed Index dipped 0.07 points to close at 51.15.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 4 stocks with bids higher than the last selling price and 8 stocks with offers that were lower. Trinidad and Tobago NGL closed with an offer to sell 132,169 units at $20.87 compared with a last traded price of $21.25 with a bid at $20.50 to buy 1,402 shares.
Gains| First Citizens gained 1 cent with 22,213 shares valued at 777,410 trading to end at $35, Guardian Holdings traded 4,147 units changing hands and gained 1 cent to close at $14.01 and Prestige Holdings with 121 units changing hands ended at 52 weeks’ high of $10.19 to record a gain of 2 cents.
Losses| Clico Investment Fund traded 356,235 shares valued at $8,104,245 but lost 2 cents to close at $22.73, National Commercial Bank rose by 5 cents while trading 500 shares at $2.29 with a loss of 1 cent and National Flour lost 9 cents to close at $2.40 with 70,327 shares changing hands.
Firm Trades| Agostini’s traded 10,227 shares at $16.95, Massy Holdings traded 133 units at $60, Republic Financial Holdings closed at $112 as 4,000 shares changed hands, this stock is in demand with bids at $112 to buy 218,309 units. Sagicor Financial Corporation ended with 455 shares changing hands at $6.50, Scotiabank contributed 30 shares to close at $61.69.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Clico Investment Fund, Firstcaribbean International Bank, Massy Holdings, National Commercial Bank, National Flour Mills, NCB, Republic Financial Holdings, Sagicor Financial Corporation, Scotiabank, Trinidad and Tobago NGL

51m C&W shares trade in JSE morning session

January 21, 2016 by IC Insider.com

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Fifty one million units of Cable & Wireless shares traded in the morning session on the Jamaica Stock Exchange with 48.7 million units resulting from a cross executed by Sagicor Investments at $1.50. Mayberry Investments bought over 2 million units at $1.50. Supply for the stock has been declining for a while with demand improving ahead of the release of the December results due within three weeks.
There has been moderate movement in the market indices in the morning session with stock prices trading close to yesterday’s close. Of note is that Barita Investments fell by $1.23 to $4.05 with 15,000 shares, Jamaica Broilers traded at $13.10 with 16,676 shares, Sagicor Group had 18,885 units trading at $22.50 for an increase of 90 cents and Supreme Ventures saw trading in 395,000 shares with an increase of 35 cents to $5.50
After 75 minutes of trading, the all Jamaica Composite Index rose 1,042.21 points to 174,133.39 the JSE Market Index gained 932.58 points to 156,750.11, the JSE combined index rose 904.48 points to 168,117.40 and the junior market index rose 2.78 points to 2,249.10. In trading, 24 securities were active and accounted for 51,732,316 units changed hands with 9 stocks rising and 7 falling.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Daily Trading, Jamaica Broilers, Jamaican Stock, Mayberry, Sagicor, Sagicor Group, Supreme Ventures

JSE chilled on Wednesday

January 20, 2016 by IC Insider.com

Mayberry Investments traded 10.7 million shares

The Jamaica Stock Exchange continues to enjoy wide participation of securities with 42 changing hands on Wednesday in all market segments but with sharply higher value compared with recent trading days. At the close, 14 securities in the combined markets gained and 14 declined but price changes overall were moderate.
Three stocks closed at 52 weeks’ highs and two traded at intraday high as 26,456,207 units valued at $400,593,508 changed hands in all markets, Mayberry Investments traded 10.7 million units and the Jamaica Stock Exchange with 5.9 million units and 4 others trading over 1 million units each. The junior market accounted for 1,738,498 units, valued at $9,189,436.
The JSE Market Index eked out an increase of 71.84 points to 155,817.53, the all Jamaica Composite Index closed with an increase of 80.29 points to end at 173,091.18 and the JSE combined index rose by 42.84 points to close at 167,212.92.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reached an elevated level indicating several rising prices ahead with reading of 17 stocks with bids higher than their last selling prices and only 5 with lower offers.
In trading, Barita Investments traded 2,000 shares and gained 68 cents to close at $5.28, for a 52 weeks’ high. Berger Paints closed at $3.60 as the price slipped 10 cents with 1,808 units trading, Cable and Wireless ended with 897,000 units changing hands to close at $1.50, Caribbean Cement rose $3.48 to close at $25, with 16,132 shares changing hands. Carreras gained 1 cent in trading 38,550 shares at $61, Gleaner Company traded 29,321 units at $2.68, Grace Kennedy lost 48 cents and closed at $82.02, with 265,024 units changing hands. Jamaica Broilers closed at $12.51 with 46,648 shares changing hands to record a gain of 25 cents. Jamaica Producers had 24,840 shares trading, the price closed at $33.13 after trading at a 52 weeks’ intraday high of $33.18, Jamaica Stock Exchange rose 60 cents to close at $19.80 while trading 5,864,920 shares, JMMB Group traded 2,067,358 units to end with a loss of 3 cents at $11.80, Kingston Wharves rose 4 cents, in trading 3,665 units to close at $11.05. Margaritaville Turks traded 94,500 shares at 11 US cents. Mayberry Investments traded 10,687,021 shares and gained 2 cents to end at $4.87, National Commercial Bank ended with a fall of 10 cents at $40.90, with 6,160 units changing hands, Pan Jamaican Investments climbed $2 to close at $96 with 1,217,051 shares trading. Radio Jamaica traded 25,800 shares but fell 70 cents to $4.80, Sagicor Group declined by 40 cents to close at $21.60 with 230,143 units changing hands, Sagicor Real Estate Fund closed at $11.60 with 152,000 shares traded, Scotia Group rose 8 cents with 1,288,197 shares changing hands to close at $30.48. Scotia Investments lost 50 cents, with 200,115 shares changing hands to close at $28, Supreme Ventures lost 10 cents to end at $5.15 with 1,076,108 units changing hands after the price reached an intraday high of $5.50. Proven Investments ordinary share traded 52,900 units at 22.99 US cents, Proven Investments preference share traded 400,000 units at $8 and Jamaica Money Market 7.25% preference share traded 26,000 units with a gain of 34 cents, to end at $2.40.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Desnoes and Geddes’, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures

TTSE closes with 3 new lows on Wednesday

January 20, 2016 by IC Insider.com

Guardian is the only stock to gain in trading on Wednesday

Activity on the Trinidad and Tobago Stock Exchange continued with moderate trading in 13 securities on Wednesday with negative overtones as 3 securities closing at 52 weeks’ low. The market closed with 1 stock gaining, 4 declining with the prices of 8 remaining unchanged. A total of 94,178 shares changed hands valued at $2,145,357.
The Composite Index ended with a fall of 0.39 points to 1,163.41 the All T&T Index lost 0.98 points to 1,938.30 and the Cross Listed Index remained at 51.22.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 3 stocks with bids higher than the last selling price and 6 stocks with offers that were lower.
Gains|Guardian Holdings traded with units changing hands and gained 49 cents to close at $14.
Losses| Angostura Holdings ended with 49 shares changing hands, to close with a loss of 1 cent at a 52 weeks’ low of $13.60, First Citizens lost 1 cent with 649 shares trading, to end at $34.99. Massy Holdings traded 150 units and dropped $1.30 to end at a 52 weeks’ low of $60 and Scotiabank contributed 12,815 shares with a value of $790,557 to close with a loss of 9 cents at a 52 weeks’ low of $61.69.
Firm Trades| Calypso Macro Index Fund traded 192 units at $25, Clico Investment Fund traded 400 shares to close at $22.75, Grace Kennedy traded 1,000 shares at $4.06, JMMB Group traded 36,000 shares at 55 cents, Republic Financial Holdings closed at $112 as 582 shares changed hands. Sagicor Financial Corporation ended with 4,282 shares changing hands at $6.50, Scotia Investments closed with 1,897 shares changing hands at $1.52 and Unilever Caribbean added 12,700 shares valued at $860,425 to close at $67.75.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Calypso Macro Index Fund, Clico Investment Fund, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, Republic Financial Holdings, Sagicor Financial Corporation, Scotia Investments, Scotiabank, Unilever Caribbean

Inflows of FX pick up on Wednesday

January 20, 2016 by IC Insider.com

Trading picked up in the Jamaican foreign exchange market on Wednesday over the low level on Tuesday but is still below the levels expected for this time of the year with dealers buying the equivalent of US$30,144,415 and sold US$32,965,153, compared with US$24,412,348 purchased and US$31,030,871 sold on Tuesday.
In US dollars trading, dealers bought US$25,692,915 compared to US$21,172,486 on Tuesday with the buying rate for the US dollar rising 13 cents to $120.13. A total of US$27,660,961 was sold versus US$28,937,052 on Tuesday as the selling rate climbed by 16 cents to $121.01. The Canadian dollar buying rate rose 36 cents to end at $82.20 with dealers buying C$3,486,562 and selling C$5,149,341, at an average rate that rose 53 cents to $83.58. The rate for buying the British Pound rose 67 cents to $168.57 for the purchase of £1,239,163, while £618,561 was sold, with the rate gaining 34 cents to $169.94. At the end of trading, it took J$131.71 to purchase the Euro, for a rise of 34 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.82 for a climb of 67 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$327,100 being bought, while US$878,629 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a rise in the highest buying rate of the British Pound, that rose by 90 cents to $173.10 and a drop of $3.31 in the highest selling rate to $175.27.

Filed Under: FX Market, Stock Market

Juniors retreat slightly on Wednesday

January 20, 2016 by IC Insider.com

AMG Packaging closed at a new high of $12 on Wednesday.

The junior market closed on Wednesday with 16 securities trading, 5 of which advanced, 5 declined with the market index falling by 2.75 points to end at 2,246.32. A total of 2 stocks closed at a new 52 weeks’ highs.
The volume of 1,738,498 units changed hands, valued at $9,189,436 with indicators showing potential for a resumption of upward price movements with the supply of stocks being reduced as indicated by the increased number of stocks without offers. At the close, 1 security ended with no bid to buy and 8 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, Access Financial Services closed with a gain of 40 cents at $17, with 2,136 units changing hands, AMG Packaging price rose 60 cents to a new high of $12 with 27,421 shares changing hands, Blue Power lost $2 to end at $11 with only 600 shares trading, C2W Music ended at 49 cents while 10,000 units changed hands. Caribbean Cream ended with 82,361 shares changing hands with a loss of 14 cents to close at $4.80, Caribbean Producers had 721,902 units changing hands and gained 15 cents to close at $5.65,

Consolidated Bakeries closed at $1.40 with 6,300 units trading, General Accident rose 11 cents while trading 28,821 shares to close at $2.30. Honey Bun lost 19 cents in closing at $7.41 as 63,979 shares changed hands, KLE Group ended at new 52 weeks’ high of $2.10 with 52,926 shares changing hands with a gain of 10 cents. Lasco Distributors closed with 117,645 units trading and ended unchanged at $8, Lasco Financial closed at $4 with 184,400 shares changing hands. Lasco Manufacturing traded 300,316 shares and closed at $5, Medical Disposables had 870 shares changing hands to close at $3.55, Paramount Trading lost 2 cents to close at $10.53, with 9,000 shares trading and tTech closed with a loss of 20 cents at $4.70 with 129,821 units changing hands.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, C2W Music, CAC 2000, Caribbean Producers, Daily Trading, Eppley, General Accident, Honey Bun, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Paramount Trading, Trading Activity, tTech

Moderate changes in JSE morning session

January 20, 2016 by IC Insider.com

There has been moderate movement in the market indices in the morning session with stock prices trading close to yesterday’s close. Of note is that AMG Packaging traded 806 units at a new all-time high of $12 and Supreme Ventures traded at new 52 weeks’ high of $5.50.
After an hour of trading, the all Jamaica Composite Index rose 16.66 points to 173,027.55 the JSE Market Index gained 14.90 points to 155,760.59 the JSE combined index rose 8.83 points to 167,178.91 and the junior market index slipped by 0.58 points to 2,249.07. In trading, 28 securities were active and accounted for 3,774,288 units changed hands with 8 stocks rising and 7 falling.
Other trades of note are Cable & Wireless with 764,689 at $1.50, Grace Kennedy with 257,421 valued at $21.3 million trading at $84, Pan Jamaican Investment with 210,941 units valued at $19.8 million while trading at $94.05 and Scotia Group with 1,155,450 shares at $30.42 valued at $35 million.

Filed Under: JSE Main Market, Stock Market Tagged With: AMG Packaging, C&WJ, Daily Trading, Grace Kennedy, Jamaican Stock, Pan Jamaican Investment, Scotia Group, Trading Activity

FX Inflows depressed on Tuesday

January 19, 2016 by IC Insider.com

Trading in the Jamaican foreign exchange market on Tuesday was still below the levels expected for this time of a week in the winter months. Dealers bought the equivalent of just US$24,412,348 and sold US$31,030,871, compared with US$27,603,340 purchased and US$28,177,563 sold on Monday.
In US dollars trading, dealers bought US$21,172,486 compared to US$23,407,422 on Monday with the buying rate for the US dollar rising 37 cents to $120. A total of US$28,937,052 was sold versus US$26,363,858 on Monday as the selling rate climbed by 5 cents to $120.85. The Canadian dollar buying rate rose $1.05 to end at $81.84 with dealers buying C$2,359,149 and selling C$1,905,459, at an average rate that rose 89 cents to $83.05. The rate for buying the British Pound dropped $1.20 to $167.90 for the purchase of £1,052,798, while only £374,507 was sold, with the rate falling $1.72 to $169.60. At the end of trading, it took J$131.37 to purchase the Euro, for a fall of 91 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.15 for a decline of $1.64 from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$157,901 being bought, while US$258,822 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at are, a fall of $1.87 in the lowest selling rate of the US dollar to $98.86. The highest buying rate of the Canadian dollar fell $1.35 to $83.65 and the lowest selling rate slipped by $1.15 to $77. The British Pound, dropped $1.25 in the highest buying rate to $172.20 and by $1.50 in the lowest selling rate to $164.