National Gas slips on TTSE
Newly listed Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Friday, to close at $23.98 with 232,104 shares valued at $5,570,126 changing hands, the price slipped 2 cents. The stock closed with a bid of $23.50 to buy 2,200 shares with 728 units on offer at $24.
Activity on the Stock Exchange, ended with 10 securities trading. At the close, there were 2 stocks closing higher, 1 declined and 7 remained unchanged as a total of 297,852 units, valued at $7,435,092 changed hands.
At the close the Composite Index ending with a fall of 0.93 points at 1,151.16, the All T&T Index declined by 1.85 points to 1,955.66 and the Cross Listed Index remained at 45.48.
Gains| West Indian Tobacco traded just 325 shares to close with a gain of 1 cent at $126.01.
losses| Guardian Holdings closed with 19,076 shares changing hands at $13.05 after dropping 7 cents.
Firm Trades| Angostura Holdings had 19,921 shares changing hands with the price to close at $14, Clico Investment Fund closed with 2,702 shares trading to end at $22.51, First Citizens Bank traded 5,708 shares and closed at $35. FirstCaribbean International Bank traded 1,000 shares and closed at $5, Flavorite Foods traded 500 shares at $4.80, One Caribbean Media traded 101 units to close at $22 and Scotiabank traded 16,415 shares valued at $1,025,938 to close at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
Jam$ slips against all on Thursday
Trading of foreign currency in the forex market on Thursday, saw the US dollar selling rate gaining ground against the Jamaican dollar, the pound and Canadian dollar versus the local currency. The equivalent of US$62,949,698 was bought by dealers, compared with US$38,513,726 on Wednesday, while they sold the equivalent of US$55,331,440 versus US$43,034,863 previously.
In US dollar trading , dealers bought US$59,788,012 compared to US$35,208,960 on Wednesday. The buying rate for the US dollar rose 20 cents to $119.34 and US$52,478,263 was sold versus US$41,144,885 on Wednesday, the selling rate gained 2 cents to $119.68. The Canadian dollar buying rate fell 44 cents to end at $88.39 with dealers buying C$1,464,400 and selling C$2,039,783, at an average rate that climbed $1.78 cents to $92.32. The rate for buying the British Pound slipped $1.12 to $181.03 for the purchase of £1,239,252, while £751,569 was sold, at an average rate that rose 82 cents to $184.37. At the end of trading, it took J$135.86 to purchase the Euro, with a rise of 24 cents from Wednesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$133.25 for an increase of 29 cents on Wednesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$197,184 being bought, while US$121,941 was sold.
Highs & Lows| The highest buying rate for the US dollar ended with a fall of $1 to $120, but the lowest buying rate ended 8 cents higher at $98.28, highest selling rate advanced 11 cents to $125.94 and lowest selling rate rose 9 cents to $98.28. The highest buying rate for the Canadian dollar rose 65 cents to $92.45, the lowest buying rate declined by 12 cents to end at $73.54, the highest selling rate lost 16 cents to end at $94.80 and the lowest selling rate lost 40 cents to end at $87.30. The highest buying rate for the British Pound, gained 15 cents to end at $185. The lowest buying rate fell 16 cents to $148.74, the highest selling rate dropped $2.90 to $189.06 and the lowest selling rate fell 50 cents to end at $177.
JSE closing on record for Jamaican stocks
The Jamaica Stock Exchange closed on Thursday with the All Jamaican Index just under 2,500 points away from the old record 138,917.59 reached on 24th of January 2005.
By the close 4 stocks ended trading, at 52 weeks’ closing highs and Desnoes and Geddes traded during the day at intraday high of $30.25. A total of 14 stocks rose, with 10 declined as 29 securities, totalling 5,416,421 units valued at $103,069,379 changed hands, in all market segments. The JSE Market Index shot up 355.39 points to 123,026.73, the JSE All Jamaican Composite index gained 397.16 to end at 136,445.59 and the JSE combined index climbed 435.35, points to end at a new high of 127,702.70.
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 4 with offers that were lower.
In trading, Cable and Wireless closed with a gain of 5 cents as 368,000 shares changed hands to end at 52 weeks’ high of 67 cents, Caribbean Cement gained 38 cents to end at $14.18 for a new 52 weeks’ closing high, with 137,325 shares changing hands. Carreras fell 50 cents while trading 219,140 shares to end at $52, Desnoes & Geddes had 2,001,720 units changing hands, to close at $30, Grace Kennedy exchanged 63,262 shares at $64.75 to gain 19 cents, Jamaica Broilers lost 20 cents in trading 62,885 shares to close at $7.80, JMMB Group gained 55 cents in trading 231,000 shares to close at $10. Kingston Wharves traded 13,300 shares to close at $9, National Commercial Bank closed with a loss of 60 cents with 259,300 shares trading to end at $31. Pan Jamaican price jumped $2 in trading 20,000 shares to end at a 52 weeks’ high of $72, Radio Jamaica traded 55,799 units but the price fell 50 cents to close at $3.50, Scotia Group ended with 61,695 shares trading at $25 after falling $1. Scotia Investments ended with 20,000 shares trading at $26, Proven Investments ordinary share traded 170,644 units with a loss of 0.50 cent to end at of 24.5 US cents and Supreme Ventures gained 15 cents and ended at $3.90 with 372,698 units changing hands.
Juniors just shy of the 1,300 mark
The market closed with 5 securities ending with no bids to buy, while 4 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, Caribbean Cream rebounded with a 20 cents gain and closed at $3.10 with 69,419 shares changing hands. Caribbean Flavours rose 30 cents to $3.80 with 400,000 shares changing hands to close at a new 52 weeks’ high, Derrimon Trading had 54,665 units changing hands to end at $2.30 having lost 3 cents, Dolphin Cove rose 90 cents in trading 19,357 shares, to end at $12.90. Honey Bun ended with 5,000 shares changing hands to gain 8 cents and end at $4.08, KLE Group had 50,000 units changing hands at 43 cents, Lasco Distributors with 28,800 shares changing hands, closed 1 cent higher at $2.87 but traded as high as $3. Lasco Financial lost 19 cents and closed at $2.41 while 439,750 shares changed hands, the stock traded at $2.60 during the day, Lasco Manufacturing traded 228,050 shares to end at $3.30 after trading 19 cents lower.
National Gas dominates TTSE
Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Thursday to close with the loss of $1 at $24 with 845,026 shares valued at $20,833,109 changing hands. The stock closed with a bid of $23.50 to buy 2,200 shares with 728 units on offer at $24.
Activity elsewhere on the Stock Exchange, on Thursday ended with 7 securities trading. At the close, there was 1 stock closing higher, 1 declined and 5 remained unchanged as a total of 880,448 units traded, valued at $21,422,006 changed hands.
At the close the Composite Index ending with a fall of 0.41 points at 1,152.09, the All T&T Index gained 0.82 points to 1,957.51 and the Cross Listed Index remained at 45.48.
Gains| Unilever closed with 450 shares trading to end at $67.27 with a rise of 1 cent to close at a new 52 weeks’ high.
Firm Trades| Angostura Holdings had 842 shares changing hands with the price to close at $14, First Citizens Bank traded 1,704 shares and closed at $35. Guardian Holdings closed with 30,701 shares valued at $402,797 changing hands, to end at $13.12, Republic Bank traded 725 units to close at $112 and Trinidad Cement had 1,000 units changing hands at $3.20.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
More gains for JSE Thursday morning
The Jamaica stock market after 90 minutes of trading, recorded another morning of increases in the indices on Thursday morning, but just being barely up after being up by a fair amount up to 11am. Trading resulted in 23 securities changing hands with a volume of 3,586,645 units as 9 stocks gained and 8 declined.
The All Jamaican Composite index jumped 66.87 points to 135,115.30 JSE Market Index rose 59.84 points to 122,731.18 the JSE combined index rose 145.04 points to be at 127,412.39 and the junior market index rose 9.91 points to 1,291.86.
In trading, Desnoes & Geddes exchanged 2,000,220 between $30 and $30.25 and now trades at $30, Jamaica Broilers exchanged 62,885 shares at $7.80, down by 20 cents, Caribbean Flavours traded at a new high of $3.80 with 400,000 shares as the stock gained 30 cents Lasco Financial Services had 439,750 units trading down to $2.41 after opening at $2.60 and lost 19 cents in the process.
Moderate trading on TTSE
Trinidad and Tobago NGL traded on the Trinidad and Tobago Stock Exchange on Wednesday to close unchanged at $25 with 23,524 shares valued at $588,100, down sharply from the 7,645,914 shares valued at $191,137,391 changing hands on Tuesday. The stock closed with a bid of $24 to buy 10,776 shares with 12,313 units on offer at $24.98
Activity elsewhere on the Stock Exchange, on Wednesday ended with 9 securities trading. At the close, there was 1 stock closing higher, 3 declined and 5 remaining unchanged as a total of 395,045 units traded, valued at $1,770,230.
At the close the Composite Index ending with a fall of 0.04 points at 1,152.50, the All T&T Index gained 0.26 points to 1,958.33 and the Cross Listed Index is down 0.04 to 45.48.
Gains| Trinidad Cement had 28,650 units changing hands at $3.20 with a rise of 4 cents to close at a new 52 weeks’ high.
Losses| Angostura Holdings had 8,237 shares changing hands with the price shedding 1 cent to close at $14, JMMB Group lost 1 cent in trading 300,000 units and closed at 42 cents and First Citizens Bank traded 3,226 shares and closed 1 cent lower at $35.
Firm Trades| Clico Investment Fund closed with 25,600 shares valued at $576,104 changing hands, to end at $22.51, Grace Kennedy traded 2,500 units to close at $3.60, National Enterprises closed with 1,216 shares trading for $16.72 and Scotiabank ended with 2,092 shares trading to end at $62.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.