Blog Page — Page 1150

20 stocks gained on JSE – Thursday

December 24, 2015 by IC Insider.com

Sagicor Group HQ – its stock traded at a new high on the JSE

Trading ended on the Jamaica stock market with 3,528,863 units valued at $30,773,107 changing hands, in all market segments with 35 securities trading. The junior market accounted for 1,752,229 units, valued at $12,898,901 of the trades.
A total 20 stocks in the combined markets gained, 11 declined including 3 preference shares. Four stocks closed at 52 weeks’ high and one at an intraday high.
At the close the JSE Market Index climbed 450.69 points to 146,147.21, the all Jamaica Composite Index rose 503.67 points to end at 162,284.04 and the JSE combined index gained 748.48 points to close at 152,990.17. The main market faces resistance test around the 165,000 points level, on the all Jamaica composite index.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 2 with lower offers.
Cable and Wireless gained 18 cents with 536,041 units changing hands to close at $1.33, Caribbean Cement gained 11 cents to end at $18.20 with 48,045 shares trading, Carreras lost 75 cents in closing at $60 with 78,450 units changing hands. Gleaner closed with 498,116 units changing hands at $1.10 for a fall of 20 cents, as it appears that the merger with Radio Jamaica in its present form, is in jeopardy. Grace Kennedy fell back by $4.98, with 6,100 units changing hands, to finish at $80.02, Jamaica Broilers fell by 35 cents to close at $9.85 with 36,600 shares changing hands, Jamaica Producers traded 20,000 shares to end at $32,

Jamaica Stock Exchange rose by $2.99 to close at $18.99 with 11,270 units changing hands. Mayberry Investments had 133,277 shares trading at $4.30 for a gain of 10 cents, National Commercial Bank rose 20 cents to end at $39.90, with 29,018 units changing hands, Pulse Investments traded 34,270 units with a gain of 20 cents at $2.50. Sagicor Group closed with 55,026 units changing hands with a gain of 10 cents at $17.60 for a new 52 weeks’ closing high, but traded earlier at $18.50 for an intraday high, Scotia Group gained 9 cents with 141,900 shares changing hands at $28.70. Seprod traded 8,033 units and gained 25 cents in ending at $20.60, Supreme Ventures ended at $4.66 with a rise of 6 cents with 68,393 units changing hands and Proven Investments ordinary share traded 45,700 units with a rise of 3.2 cents to close at 22.75 US cents.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Carreras, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Mayberry Investments, National Commercial Bank, Proven Investments, Pulse Investments, Sagicor Group, Scotia Group, Seprod, Supreme Ventures

4 new highs for juniors – Thursday

December 24, 2015 by IC Insider.com

Lasco Distributors closed at a new high of $4.90 on Thursday.

Three stocks closed at 52 weeks’ highs and one at an intraday high as trading returned to normal on the junior market with the absence of any major trade. The junior market index advanced 36.17 points to 1,680.41.
The market closed with 14 securities trading of which 7 advanced and 4 declined. Volume amounted to 1,752,229 units, valued at $12,898,901 changing hands.
At the close there was 1 security ending with no bid to buy and 7 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, Blue Power closed with 1,490 units changing hands to close at $13.10, Caribbean Cream gained 10 cents with 1,000 shares changing hands at $3.80, Caribbean Flavours rose 44 cents in trading 13,000 units to close at $9.44, Derrimon Trading ended with 20,767 shares changing hands at $3.80. Dolphin Cove closed at $15.50 after dropping 50 cents with 54,900 shares trading, General Accident lost 5 cents with 46,544 shares trading to close at $1.90. Honey Bun gained 11 cents with 1,500 shares changing hands, to close at a 52 weeks’ high of $6.11, KLE Group closed at a 52 weeks’ high of $1.55 with a gain of 35 cents as 6,000 shares changed hands, Knutsford Express rose 10 cents and ended at $9.60 with 910,117 shares changing hands.

Lasco Distributors rose by 30 cents and closed with 445,314 shares changing hands at $4.90 for a 52 weeks’ high, Lasco Financial lost 9 cents to close at $3.50, with 172,697 shares changing hands, the stock traded at $3.60 for an intraday high. Lasco Manufacturing gained 10 cents, to close at $3.40 with 67,000 shares trading, Derrimon Trading 11.75% preference share closed with a loss of 5 cents with 3,500 shares trading at $2.10 and Eppley 9.5% preference share lost 2 cents, to end with 8,400 shares trading at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Eppley, General Accident, Honey Bun, Jamaican Stock, Knutsford Express, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Trading Activity

Subdued trading on TTSE – Thursday

December 24, 2015 by IC Insider.com

The Trinidad and Tobago Stock Exchange had a sedate Christmas eve on Thursday, closing with just 7 active securities. Activity ended with price of 1 stock rising, 1 declining and 5 remaining unchanged as 190,841 shares changed hands valued at $2,606,951.
The Composite Index ended with a rise of 0.17 points to 1,159.42, the All T&T Index gained 0.04 points to 1,947.58 and the Cross Listed Index gained 0.04 points to end at 48.85.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling price and 5 stocks with offers that were lower.
Gains| Sagicor Financial traded at $6.10 with a 5 cent gain while 6,000 units changed hands.
Declines| The sole stock trading is Massy Holdings that suffered a decline of 1 cent to end at $61.47 for a 52 weeks’ low while trading only 10 units.
Firm Trades| Trading in First Citizens fell from the high level of 199,910 units on Wednesday, to 5,604 units on Christmas eve, to close at $35. Grace Kennedy had 18,000 units changing hands at $4, National Commercial Bank traded 100,000 shares at $2.05, Republic Financial Holdings, the new entity holding shares in Republic Bank, ended with 8,921 shares valued at $998,171 changing hands at $111.89 and Trinidad and Tobago NGL closed at $21 with 52,306 shares changing hands, valued at $1,098,426.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, First Citizens, Grace Kennedy, Massy Holdings, National Commercial Bank, NCB, Republic Bank, Sagicor, Sagicor Financial Corporation, Trading Activity, Trinidad and Tobago NGL

JSE down in early trading

December 24, 2015 by IC Insider.com

Add your HTML code here...

Trading levels are low ahead of the Christmas break but with 28 securities trading up to 10:45 on Thursday morning on the Jamaica Stock Exchange. All the indices slipped with 8 stocks rising and 11 declining with 1,440,452 units changing hands.
. Interesting trades include Dolphin Cove slipped 50 cents to $15.50 with 54,900 shares trading, Grace Kennedy fell from $85 with 6,100 shares changing hands to end at $80.02, Jamaica Stock Exchange had 4,100 units trading $18.99, up from $16 previously, KLE Group traded at a new 52 weeks’ high of $1.55 with 6,000 shares changing hands, Knutsford Express saw 907,117 shares trading at $9.60 and Scotia Group Jamaica traded 140,700 shares at $28.65.

Filed Under: JSE Main Market, Stock Market

First Citizens dominates TTSE – Wednesday

December 23, 2015 by IC Insider.com

First Citizens dominated trading on the Trinidad and Tobago Stock Exchange on Wednesday, accounting for $7 million of trades. The market closed with 11 active securities and the price of 3 stocks rose, with one at a new high, 1 fell and 7 remained unchanged.
At the close, activity ended with 488,982 shares changing hands valued at $10,645,968, the Composite Index ended with a rise of 0.79 points to 1,159.25, the All T&T Index declined 1.00 points to 1,947.54 and the Cross Listed Index gained 0.35 points to end at 48.81.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling price and 7 stocks with offers that were lower.
Gains| First Citizens traded 199,910 units valued at $6,995,474 to close with a 2 cents gain ta $35, Grace Kennedy had 111,963 units valued at $447,852 changing hands at a 52 weeks’ high of $4, for a 38 cents gain and ended gaining of 1 cent, with 1,000 shares trading to close at $126.26.
Declines| The sole stock trading is Trinidad Cement that lost 15 cents to end at $4 with 25,878 shares.
Firm Trades| Clico Investments traded 44,900 shares valued at $1,021,532 to close at $22.75, JMMB Group traded 50,000 shares at 51 cents, National Commercial Bank traded 13,322 shares at $2.05, Republic Financial Holdings, the new entity holding shares in Republic Bank, ended with 10,658 shares valued at $1,192,534 changing hands at $111.89. Trinidad and Tobago NGL closed at $21 with 30,350 shares changing hands, valued at $637,350 and Unilever Caribbean ended with 1,000 shares trading at $68.49.

Filed Under: Stock Market, TTSE Market Tagged With: Clico Investment Fund, Daily Trading, First Citizens, JMMB, JMMB Group, National Commercial Bank, National Flour Mills, NCB, Republic Bank, Republic Financial Holdings, Scotiabank, Trinidad and Tobago NGL, Trinidad Cement, Unilever Caribbean, West Indian Tobacco

J$ still 120.34 to US$1

December 23, 2015 by IC Insider.com

Flows into the Jamaican foreign exchange market on Wednesday rose from Tuesday’s levels with dealers buying almost $8 million more than they sold with the value of the local currency holding steady versus the US dollar for the second day running.
Dealers bought the equivalent of US$56,579,543 and sold US$48,690,822, compared with US$48,162,961 and US$59,905,869 respectively on Tuesday.
Purchases of US dollars , exceeded the amount sold by dealers by US$6.4 million with dealers buying US$52,781,867 compared to US$42,736,857 on Tuesday. The buying rate for the US dollar fell 1 cent to $119.83. A total of US$46,420,126 was sold versus US$56,287,373 on Tuesday as the selling rate held steady at $120.34. The Canadian dollar buying rate fell by 43 cents to end at $83.13 with dealers buying C$1,908,607 and selling C$849,866, at an average rate that dropped $1.75 to $84.73. The rate for buying the British Pound declined by $1.83 to $174.98 for the purchase of £1,541,375, while £1,028,127 was sold, with the rate putting on 19 cents to $177.47. At the end of trading, it took J$131.97 to purchase the Euro, for a rise of 59 cents on Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$129.45 for a gain of 69 cents over Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$222,847 being bought, while US$156,094 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $120.55, the lowest buying rate slipped by 16 cents to $98.70 and the highest and lowest selling rates were unchanged and $126.69 and $117, respectively. The highest buying rate for the Canadian dollar rose 40 cents to $87, the lowest buying rate dropped 33 cents to $68.81, the highest selling rate ended 10 cents higher at $90.10 and the lowest selling rate lost $3 to end at $79. The highest buying rate for the British Pound, rose 6 cents to end at $179. The lowest buying rate fell $1.17 to $142.84, while the highest selling rate dipped $2.95 to end at $182.70 and the lowest selling rate declined by $1.60 to $170.50.

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

JSE majors rise moderately – Wednesday

December 23, 2015 by IC Insider.com

Trading ended on the Jamaica stock market with 7,296,773 units valued at $35,344,599 changing hands, in all market segments with 35 securities trading. The junior market accounted for 1,962,619 units, valued at $7,767,219. A total 12 stocks in the combined markets gained, 13 declined. 5 stocks closed at 52 weeks’ high and 1 at an intraday high.
At the close the JSE Market Index climbed 530.12 points to 145,696.52, the all Jamaica Composite Index rose 592.44 points to end at 161,780.37 and the JSE combined index gained 298.10 points to close at 152,241.69. The main market continues to face a test around the 165,000 points resistance level, on the all Jamaica composite index.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 5 with lower offers.
In trading, Cable and Wireless fell 15 cent4 with 2,728,949 units changing hands to close at $1.15, Caribbean Cement fell 11 cents to end at $18.09 with 797,423 shares changing hands, Carreras closing at $60.75, with 4,700 units changing hands. Ciboney lost 3 cents to close at 20 cents with 270,000 shares, Gleaner closed with 964,454 units changing hands at $1.30, Grace Kennedy rose $4, with 4,066 units changing hands, to finish at a new 52 weeks’ high of $85, but the stock was offered at the end of trading at $84. Jamaica Broilers fell by 30 cents to close at $10.20 with 219,382 shares changing hands, Jamaica Producers traded 47,400 shares to end at $32, the Jamaica Stock Exchange did not trade but closed with the bid at $18.34 compared with Tuesday’s close of $16, offers declined to only two lots of 22,000 shares. JMMB Group traded 7,965 ordinary shares, but fell 39 cents to end at $10.11, Mayberry Investments had 68,466 shares trading at $4.20 for a gain of 10 cents, National Commercial Bank rose 69 cents to end at $39.70, with 55,480 units changing hands, Sagicor Group closed with 45,707 units changing hands with a gain of 30 cents at $17.50. Sagicor Real Estate Fund lost 2 cents in trading 5,000 shares at $10.20. Scotia Group declined by $1.39 with 1,470 shares changing hands at $28.61, Supreme Ventures ended at $4.60 with 66,460 units changing hands and JMMB87.5% preference share traded 35,700 units but fell 10 cents to close at $2.80.

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

Juniors have 5 new highs on Wednesday

December 23, 2015 by IC Insider.com

Cargo Handlers ended at a new 52 weeks’ high of $37.50.

4 stocks closed at 52 weeks’ highs and one at an intraday high as trading volumes returned to normal on the junior market with the absence of any major trade. The junior market index declined by 22.67 points to 1,644.24 as the market closed with 14 securities trading of which 7 advanced and 4 declined. Volume amounted to 1,962,619 units, valued at $7,767,219 changing hands.
At the close there was 1 security ending with no bid to buy and 6 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, Cargo Handlers ended with 700 shares changing hands, for a gain of $1.50 and closed at a 52 weeks’ high of $37.50, Caribbean Cream had 1,029,160 shares changing hands at $3.70, Caribbean Flavours fell $1 in trading 17,700 units to close at $9, Caribbean Producers closed at $4.57 and lost 5 cents with 20,000 units changing hands. Derrimon Trading ended with 89,128 shares changing hands at $3.80. Dolphin Cove closed at $16 after dropping $1 with 3,100 shares trading, Honey Bun gained 8 cents with 10,000 shares changing hands, to close at a 52 weeks’ high of $6.08, Jamaican Teas rose 3 cents with 1,250 shares trading to close at $4.50.

KLE Group closed at a 52 weeks’ high of $1.20 with a gain of 5 cents as 34,000 shares changed hands, Knutsford Express fell $1.15 and ended at $9.50 with 65,901 shares changing hands. Lasco Distributors closed with 225,870 shares changing hands at $4.60 after trading at an intraday 52 weeks’ high of $4.90. Lasco Financial rose 4 cents to close at a 52 weeks’ high of $3.59, with 225,870 shares changing hands, Lasco Manufacturing gained 30 cents, to close at $3.30 with 402,487 shares trading and Medical Disposables closed 30 cents higher at $3.55 with 500 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: Cargo Handlers, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Honey Bun, Jamaican Stock, Knutsford Express, Lasco, Lasco Distributors, Lasco Manufacturing, Medical Disposables, Trading Activity

Slow start in early trading

December 23, 2015 by IC Insider.com

Trading was off to a slow start in early trading with only two stocks trading amounting to a mere 3,200 units at 9.50 am on the Jamaica Stock Exchange on Wednesday. By 9.55 am trading picked up 10 companies’ stocks changing hands.
At 10:45 am, only 18 securities traded as 5 stocks rose and 5 declined with 2,810,331 units changing hands. The all Jamaica Composite Index rose 713.39 points to 161,901.32, the JSE Market Index gained 638.34 points to 145,804.74, the JSE combined index increased by 337.11 points to 152,280.70 and the junior market index is down 29.74 points to 1,637.17.
Interesting trades include Caribbean Cream with 1,029,160 shares at $3.70, Gleaner traded 957,914 units at $1.31, Lasco Distributors has so far seen 203,870 units trading between $4.60 and the current price of $4.56 but is seeing supply declining at these levels, with 5 offers ranging from $4.90 to $5 and Lasco Manufacturing had 256,617 trading as high as $3.55 but fell back to $3.

Filed Under: JSE Main Market, Stock Market Tagged With: Gleaner, Lasco Distributors, Lasco Manufacturing

J$ holds at $120.34 vs US dollar

December 22, 2015 by IC Insider.com

Flows into the Jamaican foreign exchange market on Tuesday fell from Monday’s levels with dealers buying almost $12 million less than they sold but with the value of the local currency holding steady versus the US dollar.
Dealers bought the equivalent of US$48,162,961 and sold US$59,905,869, compared with US$66,694,884 and US$53,329,088 respectively on Monday.
Sale of US dollars , exceeded the amount purchased by dealers by US$13.5 million with dealers buying US$42,736,857 compared to US$62,348,278 on Monday. The buying rate for the US dollar rose 11 cents to $119.84. A total of US$56,287,373 was sold versus US$50,843,441 on Monday as the selling rate held steady at $120.34. The Canadian dollar buying rate fell by 11 cents to end at $83.56 with dealers buying C$2,172,288 and selling C$3,269,804, at an average rate that climbed 94 cents to $86.48. The rate for buying the British Pound gained $1.23 to $176.81 for the purchase of £2,521,352, while £618,435 was sold, with the rate falling 26 cents to $177.28. At the end of trading, it took J$131.38 to purchase the Euro, for a rise of 85 cents on Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.75 for a gain of 69 cents over Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$191,151 being bought, while US$357,564 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell $1.40 to $120.60, the lowest buying and the highest selling rates were unchanged at $98.86 and $126.69,respectively and lowest selling rate jumped $18.22 to $117. The highest buying rate for the Canadian dollar rose 5 cents to $86.60, the lowest buying rate gained 42 cents to $69.14, the highest and lowest selling rates remained at $90 and $82, respectively. The highest buying rate for the British Pound, fell 6 cents to end at $178.94. The lowest buying rate increased 25 cents to end at $144.01, while the highest selling rate rose 33 cents to end at $185.65 and the lowest selling rate inched up by 10 cents to $172.10.