Rates of Government of Jamaica Treasury bills which have been on the decline since March 2014 is down in the latest issue held on November 18, for the 182 and 28 day instruments but rose slightly on the 91 days bills.
Rates fell 13 basis points on the 182 days instruments the same as in October and the 28 day instrument declined 28.5 basis points to 6.09 percent but the 91 days rose 2.5 basis points to 6.15 percent.
At the latest auction, the 28 days Treasury bill average rate came out at 5.91 percent, down from 6.195 percent at October auction.
A total of $707,851,300 chased the $400 million on offer for the 28 days bills, $435 million went after the $400 million on offer for the 90 days instruments and $1.2 billion went after the $400 million offered for 182 days.
The fall in the rates have had a positive impact with the stock market and should continue to impact the fortunes of the market.
Ja$ steady vs US on Wednesday
Inflows of foreign currencies into the system on Wednesday was US$4 million less than the amount sold. The local dollar selling rate almost held against the US dollar but gained value versus the Pound and the Canadian currency. At the close of trading, the equivalent of US$34,595,675 was bought by dealers, compared with US$34,316,414 on Tuesday, while they sold the equivalent of US$38,678,449 versus US$40,548,479 previously.
In US dollar trading , dealers bought US$31,957,560 compared to US$30,620,316 on Tuesday. The buying rate for the US dollar gained 12 cents to $119.31 and US$37,155,313 was sold versus US$37,997,953 on Tuesday, the selling rate rose 2 cents at $119.84. 
The Canadian dollar buying rate gained 24 cents to end at $87.63 with dealers buying C$1,635,824 and selling C$1,247,199, at an average rate that fell 41 cents to $89.17. The rate for buying the British Pound dropped 82 cents to $178.79 for the purchase of £857,850, while £285,220 was sold, with the rate declining $1.07 to $180.31. At the end of trading, it took J$127.62 to purchase the Euro, a decline of 79 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.04 for a fall of 79 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$151,096 being bought, while US$166,010 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar dived $4.42 to $120.12, the lowest buying and the highest selling rates remained at $98.57 and $126.31,
respectively and the lowest selling rate rose $1.94 to $100.51. The highest buying rate for the Canadian dollar fell $1.50 to $89.60, the lowest buying rate rose 25 cents to $71.80, the highest selling rate regained 32 cents it lost on Tuesday, to end at $92.55 and the lowest selling rate lost 40 cents to end at $85.50. The highest buying rate for the British Pound, eased 20 cents to end at $182.30. The lowest buying rate was unmoved at $145.25, the highest selling rate fell $2.35 to $184.90 and the lowest selling rate rose $1 to end at 176.
JSE closes with 23 gains 12 losses – Wednesday
Barita Investments closed at a new 52 weeks’ high of $4.50 on Wednesday
The JSE Market Index climbed 560.43 points to 140,252.50, the all Jamaica Composite Index rose 626.31 points to end at 155,696.37 and the JSE combined index gained by 966.06 points to end at 147,391.36.
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 12 stocks with bids higher than their last selling prices and 8 with lower offers.
In trading, Cable and Wireless closed with 3,256,680 shares changing hands and declined 14 cents to close at $1.66, after trading at an intraday 52 weeks’ high of $2, Carreras gained 94 cents to end at $57, with 314,980 units trading.
Ciboney traded with a rise of 1 cent as 125,450 shares changed hands at 52 weeks’ high of 13 cents, the stock ended with a bid to buy 2,264,000 shares at 12 cents. Desnoes & Geddes ended with 11,938 shares trading at $30.01, Grace Kennedy traded 381,400 shares and closed with rise of 54 cents at $74.55, Jamaica Broilers traded 1,565,200 shares to close at $8.75 with a loss of 5 cents. Jamaica Producers lost $1.50 while trading 1,156,535 shares at $22.51, the Jamaica Stock Exchange gained $1.50 in trading 5,245 shares, to end at $13.50, JMMB Group gained $1.39 while trading 700 shares to close at $9.90. Mayberry Investments closed with 188,769 units trading at $5, National Commercial Bank closed with a rise of 44 cents as 95,706 shares changed hands to end at $37, Pan Jamaican Investments closed at $88.30 after trading 408,462 shares to gain 3 cents. Pulse Investments traded 11,150 shares with a rise of 50 cents, to close at 52 weeks’ high of $2.50.
Radio Jamaica traded at $5 after 34,144 shares changed hands, Sagicor Group gained 8 cents in trading 1,511,190 units at $16.65 at the close. Sagicor Real Estate Fund had 1,043,832 shares changing hands with a loss of 49 cents at $9.81, Scotia Group ended with 206,750 shares changing hands, closed with a rise of 72 cents to end at $27.05. Scotia Investments gained 48 cents and ended at $27.50 with 17,000 shares changing hands, Seprod rose $1.85 to $17.80 with 363,796 shares trading and Supreme Ventures ended at $5 after gaining 25 cents with 21,176 shares changing hands.
4 TTSE’s stocks rise 2 down on Wednesday
TCL closed at a new high on Wednesday of $4.11
At the close, the Composite Index ending with a rose of 0.43 points at 1,154.17 the All T&T Index rose 0.91 points to 1,953.05 and the Cross Listed Index fell 0.1 points to end at 46.66.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
Gains| Clico Investment Fund closed with 3,260 shares changing hands at $22.55 after gaining 1 cent, Prestige Holdings with 253 units changing hands, ended at $10, for a gain of 4 cents, Trinidad Cement enjoyed a gained of 10 cents to end at a 52 weeks’ high of $4.11 with 1,500 shares trading and West Indian Tobacco closed with 1,100 units trading 11 cents higher, at a 52 weeks’ high of $126.11.
Declines| Grace Kennedy had 222,093 shares changing hands for a value of $800,375 changing hands at 1 cent down at $3.60 and Guardian Media added 29,470 shares valued at $582,327 at to close with a loss of 1 cent at $19.76.Firm Trades| First Citizens Bank traded 200 shares to close at $35, One Caribbean Media traded 104,072 shares valued at $2,289,584 to close at $22, Republic Bank closed at $112 with 20,050 shares changing hands at a value of $2,245,600 and Trinidad and Tobago NGL closed at $21.51 with 91,947 shares changing hands for a value of $1,977,782.
Juniors closed with 231m shares trading
Dolphin Cove share dominated Wednesday’s trading .
Trading finished with 15 active securities, 9 of which advanced and 3 declined. A total of 230,905,691 units, valued at $3,683,900,704 changed hands. The market ended with 6 stocks closing at new 52 weeks’ high.
Only 2 securities ended with no bids to buy and 9 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and 2 closed with lower offers.
In trading, AMG Packaging ended with 16,678 shares trading at a 52 weeks’ high of $5.60, with a gain of 55 cents. Caribbean Cream traded 39,775 units at a new high of $5 after adding 40 cents, Blue Power traded 850 units at $13.10, C2W Music traded 102,917 units at 39 cents, Caribbean Flavours traded 119,705 units to end at for a new 52 weeks’ high of $6.06 after rising $1.06. Caribbean Producers closed with a gain of 40 cents in trading 212,597 units at $4.85, for a new 52 weeks’ closing high but the stock traded as high as $5.10. Investors pushed Consolidated Bakeries down by 11 cents at the close, to end at $1.54 with 12,856 units changing hands. Derrimon Trading ended
with 24,210 units changing hands at $3.50, Dolphin Cove with 229,748,218 units trading ended at a new high of $16.03 but it closed with a rise of $2.10 at $15.80 after the company changed majority ownership to Dolphin Mexico. Honey Bun with 20,123 shares changing hands, closed lower by 20 cents at $5.30, KLE Group gained 14 cents and ended with 19,912 units trading at 96 cents, Lasco Distributors closed with 155,536 shares changing hands to end at $4.15 after slipping 23 cents. Lasco Financial ended rose 10 cents to $3.50, with a total of 262,814 shares changing hands, Lasco Manufacturing closed at $3.76 with 158,500 shares trading and Medical Disposables ended with 11,000 shares changing hands and gained of $3.40.
Dolphin trades 230M shares
The Jamaica stock market is off to a spirited start on Wednesday which saw Sagicor Investments crossing 227.5 million Dolphin Cove shares and buying another 2.1 million from other brokers. The main market indices are down and the junior of index is up with a number of new 52 weeks’ high being achieved.
Notable trades are, Caribbean Cream with 10,000 units at a new high of $5 after adding 40 cents, Dolphin Cove with 229,610,218 units at a new high of $16.03 with a rise of $2.33, Cable & Wireless with 690,670 units changing hands up to $2, but last traded at $1.91, Jamaica Broilers with 914,200 shares changing hands at $8.76. Jamaica Producers traded 1,156,535 units at $22.51, down by $1.50, Sagicor Group has seen 508,350 shares changing hands at $16.58, Sagicor Real Estate X Fund had 1,043,832 units at $9.81 and Seprod with 304,359 shares rising $1.85 to $17.80.
The number of securities trading climbed sharply to 28 securities changing hands with a volume of 234,954,186 units as 14 stocks gained and 7 declined after 75 minutes of trading.
The All Jamaican Composite index fell 135.44 points to 154,934.62, the JSE Market Index declined 121.19 points to 139,570.88 the JSE combined index rose 254.07 points to be at 146,679.37 and the junior market index climbed 41.27 points to 1,669.02.
Guardian Media’s Q3 profit up 134%
Guardian Media is one of two media stocks in T&T to have the greatest benefits from the General elections.
For the quarter, profit after tax more than doubled to $18 million from $7.7 million in 2014, from revenues that climbed 35 percent, to $76 for the quarter and 13 percent for the nine months, to $173 million. Earnings per share, increased by 23 cents, from 48 cents to 71 cents, with the full 2014 year, being 85 cents.
“These results were from political advertising earned from the recently concluded general elections, and the strength of our brands, based on progressive investments in talent, content and technology. I am also pleased to report that during the quarter GML acquired 100% of the issued shares of iRadio Inc., a company that is registered and operates in the Republic of Guyana. This acquisition now expands our TBC radio network to 7 stations and is in alignment with the strategic objectives of our Company”, Grenfell Kissoon, Chairman of the company stated.
Cash generated from operations amounts to $51 million for the quarter and is up from $28 million in the similar period in 2014, the flows to date, exceed the $43 million generated during 2014.
The company is a part of the Trinidad based Ansa McAl, the shares listed on the Trinidad & Tobago Stock Exchange and last traded at $19.77 with a PE ratio of 18 times 2015 earnings.
Jamaican $ steady vs US on Tuesday
Inflows of foreign currencies into the system on Tuesday was US$4 million less than the amount sold with the local dollar selling rate holding against the US dollar for the second consecutive day, but losing value versus the Pound and the Canadian currency. At the close of trading, the equivalent of US$34,316,414 was bought by dealers, compared with US$38,102,831 on Monday, while they sold the equivalent of US$40,548,479 versus US$44,185,509 previously.
In US dollar trading , dealers bought US$30,620,316 compared to US$34,450,483 on Monday. The buying rate for the US dollar fell 1 cent to $119.19 and US$37,997,953 was sold versus US$42,351,622 on Monday, the selling rate remained at $119.82. 
The Canadian dollar buying rate gained 55 cents to end at $87.39 with dealers buying C$1,490,611 and selling C$1,525,581, at an average rate that rose 46 cents to $89.58. The rate for buying the British Pound rose 67 cents to $179.61 for the purchase of £1,614,534, while £779,129 was sold, with the rate climbing 24 cents to $181.38. At the end of trading, it took J$128.41 to purchase the Euro, a decline of 18 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.83 for a fall of 25 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$170,032 being bought, while US$230,620 was sold.
Highs & Lows| On Tuesday, the highest buying rate for the US dollar jumped $4.44 to $124.54,
the lowest buying rate dropped $4.09 to $98.57, the highest selling rate rose 5 cents to $126.31 and the lowest selling rate ended $17.63 lower at $98.57. The highest buying rate for the Canadian dollar rose $1.30 to $91.10, the lowest buying rate closed down by $3.71 to $71.55, the highest selling rate slipped 32 cents to $92.23 and the lowest selling rate lost 10 cents to end at $85.90. The highest buying rate for the British Pound, eased 20 cents to end at $182.50. The lowest buying rate dropped $7 to $145.25, the highest selling rate fell 21 cents to $187.25 and the lowest selling rate lost 20 cents to end at 175.
4 juniors close at new high
Honey Bun traded at a 52 weeks’ high on Tuesday.
The junior market enjoyed another day of mostly increasing prices but ended with a 8.50 points loss of the index to 1,627.75. Trading finished with 14 active securities, 7 of which advanced and 5 declined. A total of 3,428,064 units, valued at $14,859,800 changed hands. The market ended with 4 stocks closing at new 52 weeks’ high.
Only 2 securities ended with no bids to buy and 11 had no stocks being offered for sale, an indication of chronic supply shortage of junior market stocks. A total of 8 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial lost $1, in trading 23,727 shares to close at $12.50. Caribbean Cream ended with 145,545 shares changing hands at $4.60, for a gain of 10 cents, Caribbean Flavours traded 140,890 units to end at $5, Caribbean Producers closed with a gain of 1 cent in trading 2,239,031 units at $4.61, for a new 52 weeks’ high but the stock traded as high as $6. Investors pushed Consolidated Bakeries up by 5 cents at the close, to end at $1.65 with 56,578 units changing hands. Derrimon Trading rose 30 cents with a mere 588 units changing hands at a 52 weeks’ high of $3.50, Dolphin Cove traded 145 units at $13.70 while losing 58 cents, General Accident Insurance traded 251,641 units at $1.90 for a 2 cents decline.
Honey Bun with 73,727 shares changing hands, closed higher by 20 cents to a 52 a weeks’ high of $5.50, KLE Group gained 8 cents and ended with 14,920 units trading at 82 cents, Lasco Distributors closed with 5,350 shares changing hands to end at $4.38. Lasco Financial ended with a decline of 10 cents to $3.40, with a total of 400,852 shares changing hands, Lasco Manufacturing closed at $3.75 with 65,070 shares trading with a loss of 20 cents and Paramount Trading ended with 3,102 shares changing hands and gained of $1.79 to $9, for a new 52 weeks’ high.
JSE main market closes at new high
Cable & Wireless HQ – The company’s stock traded at a high of $1.87 on Tuesday
A total of 18 securities rose and 16 declined with 6 stocks ending at 52 weeks’ closing high and 2 at intraday high.
The JSE Market Index climbed 1,390.00 points to 139,692.07 the all Jamaica Composite Index gained 1,553.41 points to end at 155,070.06 and the JSE combined index rose by 1,236.54 points to end at 146,425.30.
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 11 stocks with bids higher than their last selling prices and one with a lower offer.
In trading, Cable and Wireless closed with 2,128,091 shares changing hands, after rising 40 cents to close at a 52 weeks’ high of $1.80 but after trading at $1.86,
Carreras fell 94 cents to end at $56.06 with 86,869 units trading, Ciboney traded 31,000 shares at 12 cents and ended with a bid to buy 2,263,800 shares at 12 cents. Desnoes & Geddes ended with 63,357 shares trading at $30.02, Gleaner Company traded at 391,191 shares and gained 1 cent to end at $1.92, Grace Kennedy traded 767,772 shares and closed with loss of 29 cents at $74.01, Jamaica Broilers traded 147,050 shares to close at $8.80 with a gain of 1 cent. Jamaica Producers lost 99 cents while trading 4,924 shares at $24.01, The Jamaica Stock Exchange lost $1.50 in trading 75,600 shares, to end at $12, JMMB Group lost $1.39 while trading 198,116 shares to close at $8.51. Mayberry Investments gained 70 cents and closed with 4,310,131 units trading to close at a 52 weeks’ high of $5, but with only 200 shares trading at $5, and 1,020 at $4.65 with the rest all trading below $4.50. National Commercial Bank closed with a rise of 56 cents as 218,184 shares changing hands to end at $36.56, after trading at an intraday high of $38. 
Pan Jamaican Investment closed at $88.27 after trading 43,522 shares to gain 4 cents, Pulse Investments traded 108,658 shares with a rise of 20 cents to close at $2, Radio Jamaica traded at $5 after 26,867 shares changed hands, Sagicor Group gained 14 cents in trading 271,321 units at $16.57 at the close. Scotia Group ended with 105,854 shares changing hands, closed with a fall of 17 cents at $26.33, Scotia Investments lost 48 cents and ended at $27.02 with 17,800 shares changing hands, Seprod rose 2 cents to $15.95 with 24,855 shares trading and Supreme Ventures ended at $4.75 after losing 5 cents with 65,893 shares changing hands.
