TCL trades TT$3m on TTSE
At the close of the market, the Composite Index fell 0.64 points to close at 1,152.34, the All T&T Index gained 0.08 points to 1,959.97 and the Cross Listed Index dipped 0.18 at 45.22.
Gains| In trading, Trinidad Cement ended with 1,051,656 shares changing hands for a value of $3,069,907 as the stock gained 2 cents in closing at $2.92.
Declines| Firstcaribbean International Bank traded 1 cent lower, with 2,058 units and closed at $5. National Commercial Bank traded 8,000 shares at $1.63 with a loss of 2 cents, Unilever Caribbean with 20 units changing hands, ended at $67 after losing 1 cent and West Indian Tobacco lost 4 cents, in trading 3,434 units valued at $430,486 to end at $125.36.
Firm Trades| ANSA McAL with 800 shares ended at $67.25, First Citizens Bank closed at $35 with 23,418 shares changing hands valued at $819,630. tt-companies/”>Massy Holdings closed with 2,608 shares changing hands at $63.10, National Flour Mills contributed 6,653 shares at $2.10, Sagicor Financial with 93,526 units trading, closed at $6 for a value of $561,156. Republic Bank ended with 5,896 shares changing hands at $114.98 valued at $677,922, Scotiabank traded unchanged to end at $62.31 with 4,418 shares valued at $275,285 and Scotia Investments traded 29,000 units and closed at $1.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
Juniors up 47% for 2015
At the close, Access Financial had little supply with the offer to sell 5,134 shares at $25.50 against a last sale price of $19, while Blue Power has only 2,000 shares on offer at $13.05. Lasco Manufacturing has a bid at $2 to buy 12,147 units, well ahead of the last price of $1.71, but the offer is for only 10,000 units at $2.50.
One technical indicator shows potential resistance around the present level, with 8 junior market stocks having bids above the last traded prices particularly that of Lasco Manufacturing with a large capital base and only 2 with lower offers, the market should clear the resistance level decisively, with the junior market heading to 1,200 points before a major resistance develops again.
In actual trading on Wednesday, only 5 securities changed hands with 2 rising and 1 declining resulting in 172,196 units valued at $540,274.
At the close, the junior market had 5 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial closed at $19 but with 4,234 units changing hands, the company had previously released results for the six months to June showing a 71 percent gain in the quarter resulting in profit of $112.5 million versus $65.6 million and for the six months $252 million, compared with $145 million previously. Lasco Distributors traded 1,400 shares to close at $1.76, with a loss of 4 cents, Lasco Financial Services traded 121,700 units to close at $2. Lasco Manufacturing with just 10,313 units changing hands, gained 7 cents to close at $1.71, for a new 52 week’s high and Paramount Trading ended with 34,549 shares changing hands with a gain of 25 cents to end at $5.75.
J$ loses vs Canadian & Pound
Purchases by dealers of foreign currencies on Wednesday, resulted in the Jamaican currency gaining value against the British Pound and the Canadian but gaining just a bit versus the US. The market closed with dealers buying the equivalent of US$33,887,651 in contrast to US$$45,577,861 on Tuesday, while they sold the equivalent of US$39,804,866, previously US$$43,494,861.
In US dollar trading , dealers bought US$31,012,046 compared to US$42,683,998 on Tuesday. The buying rate for the US dollar fell 32 cents to $116.53 and US$38,461,884 was sold versus US$41,973,163 on Tuesday, the selling rate fell 1 cent to $117.38. The Canadian dollar buying rate rose 43 cents to $87.43 with dealers buying C$1,097,359 and selling C$691,037, at an average rate that rose 21 cents to $89.34. The rate for buying the British Pound climbed 30 cents to $180.54 for the purchase of £1,256,958, while £433,080 was sold, at an average rate that climbed 34 cents to $182.69. At the end of trading, it took J$128.66 to purchase the Euro, with a fall of 11 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.15 for an increase of 19 cents on Tuesday’s rate. Other currencies bought, amounted to the equivalent of US$104,933, while the equivalent of US$143,047 was sold.
Highs & Lows| The highest buying rate for the US dollar, gained 5 cents to $117.55, the lowest buying and the highest rates remained at $96.15 and $123.21, respectively and the lowest selling rate fell $2.28 to $96.15. The highest buying rate for the Canadian dollar jumped $7.80 to $97.10. The lowest buying rate rose 5 cents to $70.97, the highest selling rate rose $2.60 to $95.80 and the lowest selling rate climbed $1.05 to $86.50. The highest buying rate for the British Pound, rose 20 cents to $183.40, the lowest buying rate remained at $147.33 the highest selling rate fell 54 to $189.92 and the lowest selling rate rose $1.50 cents to $179.
10 stocks up but JSE fell Wednesday
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed 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 with 150,300 units changing hands gained 5 cents to end at 44 cents, Caribbean Cement traded 15,442 shares to close at $7 after shedding 10 cents, Carreras had 44,200 units trading to close at $52, Grace Kennedy traded only 1,335 shares and ended $1 lower at $64. Jamaica Broilers had 61,198 shares changing hands, in closing at $7, to record a new 52 weeks’ high after gaining 54 cents. Jamaica Producers added 4 cents to $18.85 with 15,000 units trading, Jamaica Stock Exchange stock traded 4,480 units at $7, National Commercial Bank had 348,023 shares trading and closed with a 49 cents gain to end at $30.49, Radio Jamaica ended with 127,887 shares changing hands at 44 cents higher at $3.45, Sagicor Group ended trading with 7,645 units at $13, Sagicor Real Estate Fund closed at $8.60 while trading 5,387 units with a gain of 60 cents. Scotia Group ended with 777,213 units trading at $24, for 1 cent rise, Proven Investments traded 20,100 ordinary shares at 18 US cents, down 1 cent. Jamaica Money Market Brokers 7.50% preference share closed with 50,000 units changing hands at $2.01.
TTSE ends with weak bias Wednesday
Trading in the overall market ended with only 7 securities changing hands on Wednesday and reflected weakness based on closes prices and with not stock gaining. At the close no stock gained, 2 declining and 5 traded with the price unchanged. A total of only 181,916 shares traded, valued at $2,978,693.
At the close of the market, the Composite Index fell 1.07 points to close at 1,152.98, the All T&T Index declined by 1.62 points to 1,959.89 and the Cross Listed Index dipped 0.07 at 45.40.
Declines| In trading, Angostura Holdings ended with a gain of 1 cent while 19,156 shares changed hands at $14, down 2 cents and First Citizens Bank lost 25 cents in closing at a new 52 weeks’ low of $35 with 6,367 shares changing hands.
Firm Trades| Clico Investment Fund ended at $22.51 with 106,276 shares trading at a value of $2,393,329, Firstcaribbean International Bank traded 428 units at $5, National Commercial Bank traded 30,303 shares at $1.65, National Flour Mills contributed 19,021 shares at $2.10 and Trinidad Cement closed with 335 shares changing hands at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
Unilever continuing rise on TTSE
Trading in the overall market ended with 10 securities changing hands on Tuesday with 3 stocks gaining, 1 declining and 7 traded with the price unchanged. A total of only 138,979 shares traded, valued at $2,663,997.
At the close of the market, the Composite Index fell 0.04 points to close at 1,154.05, the All T&T Index declined by 0.08 points to 1,961.51 and the Cross Listed Index remained at 45.47.
Gains| In trading, Angostura Holdings ended with a gain of 1 cent while 870 shares changed hands at $24.02. Clico Investment Fund stock price rose 1 cent to $22.51 with 69,400 shares trading at a value of $1,562,146 and Unilever Caribbean with 6,000 units valued at $402,060, changing hands at a new 52 weeks high of $67.01 to end 1 cent higher.
Declines| National Enterprises closed with 40 shares trading lower by a cent at $17.18.
Firm Trades| Flavorite Foods traded 1,061 units at $4.80, Guardian Holdings closed with 47,962 shares changing hands at $13.10 and valued at $628,302. National Flour Mills contributed 5,307 shares at $2.10, Sagicor Financial with 4,460 units trading closed at $6, Scotia Investments traded 3,800 units and closed at $1.50 and West Indian Tobacco closed with 79 shares changing hands at $125.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
J$ gains on Canadian & Pound Tuesday
Purchases by dealers of foreign currencies on Tuesday, resulted in the Jamaican currency gaining value against the British Pound and the Canadian but slips a bit versus the US. The market closed with dealers buying the equivalent of US$45,577,861 in contrast to US$30,317,785 on Monday, while they sold the equivalent of US$43,494,861, previously US$30,785,180.
In US dollar trading , dealers bought US$42,683,998 compared to US$27,517,864 on Monday. The buying rate for the US dollar rose 31 cents to $116.85 and US$41,973,163 was sold versus US$29,516,249 on Monday, the selling rate rose 3 cents to $117.39. The Canadian dollar buying rate dropped 5 cents to $87 with dealers buying C$1,108,307 and selling C$846,984, at an average rate that fell 46 cents to $89.13. The rate for buying the British Pound climbed 60 cents to $180.24 for the purchase of £1,271,013, while £487,786 was sold, at an average rate that slipped 14 cents to $182.35. At the end of trading, it took J$128.77 to purchase the Euro, with a fall of 96 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.96 for a decline of $1.10 from Monday. Other currencies bought, amounted to the equivalent of US$108,150, while the equivalent of US$120,865 was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 5 cents to $117.50, the lowest buying and the highest rates remained at $96.15 and $123.21 respectively and the lowest selling rate climbed $2.28 to $98.43. The highest buying rate for the Canadian dollar dropped $1.70 to $89.30. The lowest buying rate fell $1.29 to $70.92, the highest selling rate declined $3.30 to $93.20 and the lowest selling rate lost $1.55 to $85.45. The highest buying rate for the British Pound, and the highest selling rate remained at $183.20 and $190.46, respectively. The lowest buying rate fell 41 cents to $147.33 and the lowest selling rate declined 50 cents to $177.50.
JSE pushes higher on Tuesday
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 7 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless ended with 3,100,287 units changing hands and lost 3 cents to 39 cents, Caribbean Cement traded 10,250 shares to close at $7.10 after shedding 35 cents, Carreras gained $1 with 6,385 units trading to close at $52, Gleaner traded at $1.30, up 5 cents after 20,000 shares changed hands. Grace Kennedy traded only 1,830 shares at $65, Jamaica Broilers had 18,800 shares changing hands, in closing at $6.50, to record a new 52 weeks’ high. The Jamaica Stock Exchange stock traded 200,445 units at $7, Mayberry Investments had another large trade amounting to 3,982,668 shares trading between $2.75 and $3. National Commercial Bank had 75,894 shares trading and closed with a 25 cents gain to end at $30, Sagicor Group ended trading with 169,015 units at $13, Sagicor Real Estate Fund closed at $8 while trading 584,560 units and traded as high as $9.10 for a new intraday high. The fund had reported before trading, profit of 8 cents per share in the June quarter, down from 11 cents in the June 2014 quarter and 46 cents per share to June, this year versus 27 cents for the six months to June last year. Scotia Group ended with 6,348 units trading at $23.99, for 1 cent fall and Proven Investments traded 15,625 ordinary shares at 19 US cents.
Slow JSE morning session
Activity on the JSE is subdued on Tuesday resulted in only 202,616 units changing hands as 17 securities traded with 5 coming from the junior market, so far 7 stocks gained in price and 4 declined.
After 95 minutes of trading, gains in a number of stocks including Sagicor Real Estate Fund, that traded at a new all-time high of $9, pushed the all Jamaican Composite index up 941.71 points to 110,064.79 points. JSE Combined Index gained 793.37 points to 102,590.33, JSE Index trades at 99,420.89 points after rising 842.51 points and Junior Market Index slipped 0.10 points to 977.08.
The Real Estate Fund reported profit of 8 cents in the June quarter down from 11 cents in the June 2014 quarter and 46 cents to June versus 27 cents for the six months to June last year. As the year progress earnings per share should fall, with the lower tourism inflows.