Purchases by dealers of foreign currencies on Monday, resulting in the local currency making gains against the US and the Pound but slipped against the Canadian dollar. The market closed with dealers buying the equivalent of US$41,158,446 in contrast to US$31,035,222 on Friday, while they sold the equivalent of US$39,225,307, previously US$29,331,577.
In US dollar trading , dealers bought US$37,809,382 compared to US$28,539,977 on Friday. The buying rate for the US dollar fell 5 cents to $116.71 and US$37,741,387 was sold versus US$27,597,716 on Friday, the selling rate fell 4 cents to $117.35. The Canadian dollar buying rate declined 30 cents to $87.37 with dealers buying C$1,262,916 and selling C$666,113, at an average rate that inched up 9 cents to $89.87. The rate for buying the British Pound declined 14 cents to $179.36 for the purchase of £1,441,789, while £476,425 was sold, at an average rate that fell 37 cents to $181.55 At the end of trading, it took J$128.973 to purchase the Euro, with a loss of 18 cents on Friday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.11 for a fall of 43 cents from Friday. Other currencies bought, amounted to the equivalent of US$187,874, while the equivalent of US$236,733 was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 13 cents to $117.47, the lowest buying rate dropped $9.35, to $86.80, the highest and lowest selling rates were unchanged at $123.21 and $96.15 respectively. The highest buying rate for the Canadian dollar dropped $2.66 to $90.95. The lowest buying rate declined 95 cents to $71.38, the highest selling rate gained $3.25 cents to $86.50 and lowest selling rate dropped $1.40 to $85.75. The highest buying rate for the British Pound, jumped $3.24 to $185.74, the lowest buying rate declined 49 cents to $146.25, with the highest selling rate remaining un at $189.18 and the lowest selling rate fell $1.80 to $176.20.

Trading activity on the junior market ended on Monday with the market losing further ground. At the close there was activity in just 5 securities with 453,563 units changing hands, valued at $929,782. The JSE Junior Market Index fell 4.82 points to close at 841.74 as the market ended with the prices of 3 stocks rising and 2 declining.
At the close, the junior market had 3 stocks having bids higher than their last selling prices, 1 with a lower offer. 5 securities closed with no bids to buy, while 6 had no stocks being offered for sale.
Other stocks trading, Caribbean Cream traded 300,400 units to end at $2.13, Knutsford Express ended with 16,204 units changing hands at $6 for a fall of 10 cents, Lasco Distributors traded 66,900 shares at $1.40, down 5 cents. Lasco Manufacturing with 68,059 shares closed unchanged at $1.30 and Derrimon Trading preference shares ended with 2,000 shares changing hands to close $2.40.

Trading activity on the junior market ended on Monday with the market losing further ground. At the close there was activity in just 5 securities with 453,563 units changing hands, valued at $929,782. The JSE Junior Market Index fell 4.82 points to close at 841.74 as the market ended with the prices of 3 stocks rising and 2 declining.
At the close, the junior market had 3 stocks having bids higher than their last selling prices, 1 with a lower offer. 5 securities closed with no bids to buy, while 6 had no stocks being offered for sale.
Other stocks trading, Caribbean Cream traded 300,400 units to end at $2.13, Knutsford Express ended with 16,204 units changing hands at $6 for a fall of 10 cents, Lasco Distributors traded 66,900 shares at $1.40, down 5 cents. Lasco Manufacturing with 68,059 shares closed unchanged at $1.30 and Derrimon Trading preference shares ended with 2,000 shares changing hands to close $2.40.

Trading in the overall market ended with 8 securities changing hands on Monday with 2 stocks gaining, 1 declining and 5 traded with the price unchanged. A total of only 75,710 shares traded, valued at $2,839,189.
At the close of the market, the Composite Index rose 0.06 points to close at 1,155.42, the All T&T Index advanced by 0.12 points to 1,965.03 and the Cross Listed Index remained at 45.36.
Gains| In trading, Angostura Holdings with 30,000 shares for a value of $420,300 to close at $14.01 and Ansa McAL ending with 200 shares at $67.27 for a gain of 2 cents,
Declines| Clico Investment Fund stock price lost 2 cents to $22.63 with 18,248 shares trading at a value of $413,408.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with 10,499 shares valued at $374,803 to close unchanged at $35.70, Massy Holdings trading 6,457 shares valued at $415,185, to end at $64.30, National Enterprises closed with 500 shares trading at $17.20, Scotiabank traded 567 units and closed at $62.31 and West Indian Tobacco closed with 9,239 shares changing hands at $125.35, valued at $1,158,108.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

Trading in the overall market ended with 8 securities changing hands on Monday with 2 stocks gaining, 1 declining and 5 traded with the price unchanged. A total of only 75,710 shares traded, valued at $2,839,189.
At the close of the market, the Composite Index rose 0.06 points to close at 1,155.42, the All T&T Index advanced by 0.12 points to 1,965.03 and the Cross Listed Index remained at 45.36.
Gains| In trading, Angostura Holdings with 30,000 shares for a value of $420,300 to close at $14.01 and Ansa McAL ending with 200 shares at $67.27 for a gain of 2 cents,
Declines| Clico Investment Fund stock price lost 2 cents to $22.63 with 18,248 shares trading at a value of $413,408.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with 10,499 shares valued at $374,803 to close unchanged at $35.70, Massy Holdings trading 6,457 shares valued at $415,185, to end at $64.30, National Enterprises closed with 500 shares trading at $17.20, Scotiabank traded 567 units and closed at $62.31 and West Indian Tobacco closed with 9,239 shares changing hands at $125.35, valued at $1,158,108.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower.

Trading is off to a slow start in JSE’s morning session on Monday, but National Commercial Bank had a big trade of 92,000,000 shares trading at $29.50, executed by NCB Capital Markets, Cable and Wireless (C&W) traded 2,300,000 units at 39 cents, C&W have a bid to buy 1,934,600 units at 39 cents.
Caribbean Cream traded 300,000 units at $2.14 and Jamaica Money Market Brokers 7.50% preference share has traded 146,000 units at $2.
Activity resulted in 94,821,463 units changing hands as 13 securities traded with only 2 coming from the junior market, so far 4 stocks gained in price and 1 declined.
The all Jamaican Composite index gained 842.26 points to 109,263.24 points, JSE Combined Index gained 686.21 points to 100,706.42, JSE Index trades at 98,703.77 points after rising 753.53 points and Junior Market Index slipped 2.67 points to 843.89.

Trading is off to a slow start in JSE’s morning session on Monday, but National Commercial Bank had a big trade of 92,000,000 shares trading at $29.50, executed by NCB Capital Markets, Cable and Wireless (C&W) traded 2,300,000 units at 39 cents, C&W have a bid to buy 1,934,600 units at 39 cents.
Caribbean Cream traded 300,000 units at $2.14 and Jamaica Money Market Brokers 7.50% preference share has traded 146,000 units at $2.
Activity resulted in 94,821,463 units changing hands as 13 securities traded with only 2 coming from the junior market, so far 4 stocks gained in price and 1 declined.
The all Jamaican Composite index gained 842.26 points to 109,263.24 points, JSE Combined Index gained 686.21 points to 100,706.42, JSE Index trades at 98,703.77 points after rising 753.53 points and Junior Market Index slipped 2.67 points to 843.89.

The foreign exchange market seems to have settled with the Government recent US dollar bond issue having been closed demand and clearly no longer affecting demand locally for investors who wanted to take them up.
Purchases by dealers of foreign currencies on Friday, was lower than on Thursday but the amount garnered was more than the amount sold, resulting in the local currency making gains against the US and the Canadian dollars and remained stable against the Pound. The market closed with dealers buying the equivalent of US$31,035,222 in contrast to US$40,816,983 on Thursday, while they sold the equivalent of US$29,331,577, previously US$39,105,219.
In US dollar trading , dealers bought US$28,539,977 compared to US$38,903,762 on Thursday. The buying rate for the US dollar fell 26 cents to $116.76 and US$27,597,716 was sold versus US$37,592,357 on Thursday, the selling rate fell 2 cents to $117.39. The Canadian dollar buying rate declined 37 cents to $87.67 with dealers buying C$774,013 and selling C$638,138, at an average rate that dropped 31 cents to $89.78. The rate for buying the British Pound declined 18 cents to $179.50 for the purchase of £1,172,269, while £719,596 was sold, at an average rate that remained at $181.92. At the end of trading, it took J$128.90 to purchase the Euro, with a gain of $1.02 on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.54 for a rise of $1 over Thursday. Other currencies bought, amounted to the equivalent of US$111,886, while the equivalent of US$130,599 was sold.
Highs & Lows| The highest buying rate for the US dollar,, the lowest buying and the highest selling rates were unchanged at $117.60, $96.15 and $123.21 respectively, but the lowest selling rate dropped $18.85 to $96.15. The highest buying rate for the Canadian dollar jumped $2.96 to $93.61. The lowest buying rate declined 51 cents to $72.33, the highest selling rate gained 25 cents to $93.25 and lowest selling rate jumped $15.77 to $87.15. The highest buying rate for the British Pound, fell 65 cents to $182.50, the lowest buying rate declined 34 cents to $146.74, with the highest selling rate gaining $2.41 to $189.18 and the lowest selling rate climbed $2 to $178.

The foreign exchange market seems to have settled with the Government recent US dollar bond issue having been closed demand and clearly no longer affecting demand locally for investors who wanted to take them up.
Purchases by dealers of foreign currencies on Friday, was lower than on Thursday but the amount garnered was more than the amount sold, resulting in the local currency making gains against the US and the Canadian dollars and remained stable against the Pound. The market closed with dealers buying the equivalent of US$31,035,222 in contrast to US$40,816,983 on Thursday, while they sold the equivalent of US$29,331,577, previously US$39,105,219.
In US dollar trading , dealers bought US$28,539,977 compared to US$38,903,762 on Thursday. The buying rate for the US dollar fell 26 cents to $116.76 and US$27,597,716 was sold versus US$37,592,357 on Thursday, the selling rate fell 2 cents to $117.39. The Canadian dollar buying rate declined 37 cents to $87.67 with dealers buying C$774,013 and selling C$638,138, at an average rate that dropped 31 cents to $89.78. The rate for buying the British Pound declined 18 cents to $179.50 for the purchase of £1,172,269, while £719,596 was sold, at an average rate that remained at $181.92. At the end of trading, it took J$128.90 to purchase the Euro, with a gain of $1.02 on Thursday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$126.54 for a rise of $1 over Thursday. Other currencies bought, amounted to the equivalent of US$111,886, while the equivalent of US$130,599 was sold.
Highs & Lows| The highest buying rate for the US dollar,, the lowest buying and the highest selling rates were unchanged at $117.60, $96.15 and $123.21 respectively, but the lowest selling rate dropped $18.85 to $96.15. The highest buying rate for the Canadian dollar jumped $2.96 to $93.61. The lowest buying rate declined 51 cents to $72.33, the highest selling rate gained 25 cents to $93.25 and lowest selling rate jumped $15.77 to $87.15. The highest buying rate for the British Pound, fell 65 cents to $182.50, the lowest buying rate declined 34 cents to $146.74, with the highest selling rate gaining $2.41 to $189.18 and the lowest selling rate climbed $2 to $178.

Trading on the Jamaica Stock Market closed on Friday with 10 stocks rising, 4 declining as 26 securities changed hands with 11,160,004 units trading, valued at just $59,335,403, in all market segments. The bulk of the volume traded came from Cable and Wireless with 2.6 million shares, Jamaica Broilers 3.3 million shares and Supreme Ventures with 2.3 million units.
At the close, the JSE Market Index gained 419.09 points to 97,950.24, the JSE All Jamaican Composite index rose 468.43 points to close at 108,420.98 and the JSE combined index advanced 398.56 points to end at 100,020.21.
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 8 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless ended with 2,582,058 units changing down to 39 cents, for a loss of 3 cents, Caribbean Cement traded 26,806 shares and put on 50 cents to close at $8.50, the stock closed with a bid to buy 4,295 shares at $8.90. Carreras had 13,266 units trading at $50, Desnoes & Geddes traded 13,400 shares at $6.75 down 14 cents, Grace Kennedy traded firm at $63.01 with 306,990 shares, Jamaica Broilers with 3,254,502 shares changing hands to end at $5.60. National Commercial Bank traded 48,300 shares at $29.38, the stock traded as a high as $30 after the company released results on Thursday for the June quarter. Proven Investments ordinary share traded 48,675 units at 20 US cents. Buying interest in Proven has declined with only 4 bids in to buy 40,000 shares at 18 cents down to 16.5 cents. Sellers line up to sell 1,061,530 units from 21.2 cents down to 20 cents with 8 sellers. Sagicor Group ended trading with 102,142 units at $13.50, up 1 cent, Scotia Group had only 90,285 units trading unchanged at the end at $23.65 and Supreme Ventures with 2,292,096 units, gained 32 cents to end at $3.60.