The JSE main market indices are down with triple digit losses as National Commercial Bank and Grace Kennedy pulled back in price from Tuesday’s close. .
Desnoes and Geddes however traded at $5.50, slightly up on the previous day’s closing with 1.5 million units. Only one stock has so far traded in the junior market
JSE down in early trading
April 1, 2015 by
Are JSE month end prices manipulated?
March 31, 2015 by
Grace shares gained $1.49 to end at $62.50 on Tuesday
From as far back as the last full week before the month end, there were signs of closing bids and offers being posted with what appears an intent to maintain them at higher levels until month end or close thereto as possible. Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 18 stocks rising, only 3 declining as 32 securities changed hands, ending in 3,268,722 units trading, valued at $28,664,047, in all market segments.
Main Market| At the close the JSE Market Index lost 441.41 points to 83,804.68, the JSE All Jamaican Composite index fell 493.52 points to close at 92,415.82 and the JSE combined index declined 433.24 points to end at 85,404.60.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows just 7 stocks with bids higher than their last selling prices and 4 with offers that were lower in contrast with 14 to 4 at the end of trading on Monday.
Gains| Stocks gaining with last traded prices, at the end of trading
Scotia Investments gained $1.50 to end at $23.50 on Tuesday
Firm| The stocks in the main market to close without change in the last traded prices are, Cable & Wireless finishing trading with 172,000 shares at 50 cents, Caribbean Cement in trading 1,500 shares while ending at $2.25. Carreras completed trading with 1,980 shares changing hands at $40, Jamaica Broilers with 2,000 shares changing hands closed at $4.50, Jamaica Money Market Brokers while exchanging 17,572 ordinary shares closed at $7.06, Proven Investments ending trading with 6,300 units with the price remaining 18 US cents and Sagicor Real Estate Fund had 22,500 shares changing hands at $6.90.
Declines| There was only one stock that closed lower than the opening as Scotia Group finished trading with 79,892 units to close at $21.76, after losing 44 cents.
Preference| In the preference sector, Jamaica Money Market Brokers 8.75% preference share closed with 500 shares changing hands, 1 cent higher at $3.05, Jamaica Money Market Brokers 7.25% preference share trading with 1,500 units at $2.50, Jamaica Money Market Brokers 7.50% preference share concluding trading with 25,072 units at $2 and Eppley 9.5% preference share, closing with 22,676 shares changing hands at $6.
US$9M sold off on Tuesday
March 31, 2015 by
Dealers sold a net of US$9 million on Tuesday as seller continues to be more than buying for sometime. Purchases of all currencies by dealers amounted to a haul of US$45,222,043 equivalent, compared with US$62,127,595, on Monday and selling of the equivalent of US$54,550,791 versus a large sale of US$71,025,900, on the previous trading day.
In US dollar trading, dealers bought US$40,889,369 compared to US$57,302,053 on Monday. The buying rate for the US dollar fell 9 cents to $114.49 and US$51,941,632 was sold versus US$68,765,502 on Monday, the selling rate edged up 2 cents to end at $115.04. The Canadian dollar buying rate rose 15 cents to $89.23 with dealers buying C$2,100,599 and selling C$940,479, at an average rate that fell 13 cents to $90.62. The rate for buying the British Pound slipped 34 cents to $168.35 for the purchase of £1,740,601, while £731,391 was sold, at an average rate of $169.97, for a 4 cents rise. At the end of trading it took J$124.57 to purchase the Euro, 75 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.23 for a fall of 63 cents from Monday’s rate. Other currencies bought, amounted to the equivalent of US$136,032 while the equivalent of US$787,729, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $115.30. The lowest buying rate jumped $4.86 to $93.94, the highest selling rate inched up 6 cents to $120.43 and the lowest selling rate dived 38 cents to $95.79. The highest buying rate for the Canadian dollar fell 50 cents to $91, the lowest buying rate climbed 33 cents to $72.79, but the highest selling rate declined 66 cents to $93.84 while the lowest selling rate rose 70 cents to $86.50. The highest buying rate for the British Pound, fell $2.80 to $170.25, the lowest buying rate dropped $1 to $136.20 but highest and the lowest selling rates remained unchanged at $176.87 and $164.10, respectively.
Juniors’ most active day
March 31, 2015 by
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Dolphin Cove closed at a 52 weeks’ high of $9.20 on Tuesday
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with a lower offer. The junior market ended with 5 securities closing with no bids to buy and there were 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging finishing with 579 units to close with a gain of 1 cent to $2.26, Caribbean Producers closing with 130,050 shares to end with an increase of 5 cents at $2.15, Consolidated Bakeries finishing trading with 27,954 shares while gaining 8 cents to 90 cents. Dolphin Cove finishing with 10,000 shares traded, with a gain of 20 cents, to a 52 weeks’ high of $9.20. General Accident completing trading 13,416 units as the price gained 3 cents to $1.70, Jamaican Teas while exchanging 400 units, closed higher by 4 cents at $2.55, Lasco Financial finishing trading with 26,370 shares changing hands, 1 cent higher to $1.08, Lasco Manufacturing closing with 751,302 shares unchanged at $1.15, Caribbean Cream closing with 10,000 units, the price slipped to 65 cents, for a 10 cents loss and Lasco Distributors concluding trading with 719,397 units to close lower by 10 cents to $1.35
TTSE closes quarterly quietly
March 31, 2015 by
Trading on the Trinidad Stock Exchange was very moderate. Only 10 securities changed hands of which 1 advanced, 3 declined and 6 traded firm with a total of a mere 50,818 units, valued at $1,434,176.
At the close of the market, the Composite Index lost 0.46 points to close at 1,154.25, the All T&T Index rose fell by just 0.08 points to close at 1,971.96 and the Cross Listed Index fell 0.13 points to end at 44.12.
Gains| The only stocks increasing in price at the close is, First Citizens Bank that had 4,063 shares valued at $143,708 changing hands by climbing 2 cents to end at $35.37.
Declines|The stocks declining at the end of trading are, Clico Investment Fund with only 1,800 shares trading, declining by 9 cents, to end at $22.51, Firstcaribbean International Bank trading 1,541 shares to close with a loss of 3 cents, at $5 and Massy Holdings trading 5,655 shares with a value of $356,267 to close with a loss of 1 cent, at $63.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s with just 10 shares ended trading at $17.29, Angostura Holdings with 7,000 shares trading, ended at $14, Guardian Holdings with 27,086 shares changing hands for a value of $392,747, closed at $14.50. National Commercial Bank trading 300 units to close at $1.56, One Caribbean Media traded 21 units to close at $22.30 and Republic Bank contributed 3,342 shares with a value of $394,122 as the price closed unchanged at $117.93.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
11 JSE main market stocks rose
March 31, 2015 by
The Jamaica Stock Exchange indices declined on the final day of March, but the advanced declined ratio was very positive at 11 stocks rising to only 1 declining, on the main market.
A total of 1.56 million units traded in the main market, with the dominant trades being, Grace Kennedy with 200,622 units in closing at $62.50, National Commercial Bank with 143,351 shares with a closing price of $25.18 but with stocks on offer below the last traded price, at $25. Sagicor Group accounted for 661,549 units, with a last traded price of $10.55.
At the close, the JSE Market Index lost 441.41 points to 83,804.68, the JSE All Jamaican Composite index fell 493.52 points to close at 92,415.82 and the JSE combined index declined 433.24 points to end at 85,404.60.
Another large sell off of US$
March 30, 2015 by
Dealers bought a net of US$10 million on Friday and sold a net of US$9 million on Monday. Purchases of all currencies by dealers amounted to a large haul of US$62,127,595 equivalent, compared with US$38,133,681, on Friday and selling of the equivalent of a large sum of US$71,025,900 versus only US$27,962,486 on the previous trading day.
In US dollar trading, dealers bought US$57,302,053 compared to US$35,965,168 on Friday. The buying rate for the US dollar rose 5 cents to $114.58 and US$68,765,502 was sold versus US$26,890,036 on Friday, the selling rate edged down 5 cents to end at $115.02. The Canadian dollar buying rate fell 80 cents to $89.08 with dealers buying C$1,302,237 and selling C$1,552,185, at an average rate that fell $1.10 to $90.75. The rate for buying the British Pound rose 6 cents to $168.69 for the purchase of £2,355,189, while £485,376 was sold, at an average rate of $169.93, for a fall of $1.06. At the end of trading it took J$125.32 to purchase the Euro, 35 cents less than on Friday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.86 for a fall of 30 cents from Friday’s rate. Other currencies bought, amounted to the equivalent of US$345,7611 while the equivalent of US$318,703, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 25 cents to $115.30. The lowest buying rate dropped $4.86 to $89.08, the highest selling rate remained at $120.37 and the lowest selling rate dived $16.33 to $96.17. The highest buying rate for the Canadian dollar fell 25 cents to $91.50, the lowest buying rate remained at $72.46, but the highest selling rate declined 70 cents to $94.50 while the lowest selling rate fell $1.50 to $85.80. The highest buying rate for the British Pound, rose $2.05 to $173.05, the lowest buying rate remained unchanged at $137.20 but highest selling rate climbed $1.75 to $176.87, while the lowest selling rate dipped $1.20 to $164.10.
Jamaican stocks up 3,000 points in 3 days
March 30, 2015 by
Jamaican stocks have risen 3,054 points in the last three trading days but will it last or will the rally which started in October last year power on up? The movement is reflected in the all Jamaica Composite Index of the Jamaica Stock Exchange between last Thursday and Monday. Market activity resulted in Monday’s closing All Jamaica Index reaching the highest level, since early June 2012.
The increase took place on very low volume and was influenced mainly by one stock, Scotia Group with a mere 1,000 units trading as the prices of 6 stocks rose, 7 declined and only 21 securities changed hands, ending in 1,756,279 units trading, valued at $8,819,494, in all market segments.
Main Market| The JSE Market Index gained 848.12 points to 84,246.09, the JSE All Jamaican Composite index rose 948.24 points to close at 92,909.34 and the JSE combined index climbed 805.21 points to close at 85,837.84.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
JMMB traded as high as $7.99 on Monday a new 52 weeks intra day high
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless contributing 64,085 shares trading at 50 cents, Jamaica Broilers finishing trading with 4,794 shares traded with a gain of $4.50, Jamaica Producers while exchanging 5,000 shares closed at $15.60. Proven Investments closed with 40,146 units trading at 18 US cents and Seprod concluding trading with 1,156 units, closed at $14.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras finishing trading with 29,981 units, the price slipped $1 to $40, Desnoes & Geddes with 28,745 units trading, closed lower by 5 cents at $5.40. Grace Kennedy concluding trading with 7,475 units to close down by 49 cents to $61.01, National Commercial Bank trading 120,019 shares changing hands 12 cents lower to $24.88, Radio Jamaica lost 1 cent while trading 7,206 shares at $1.38 and Sagicor Real Estate Fund there was dealing in 36,600 units to close lower by 5 cents to $6.90.Preference| Jamaica Money Market Brokers 7.25% preference shares ending trading with 26,900 shares changing hands at $2.50 and Proven Investments 8% preference share traded just 307 units to end at $5.50.
2 rise 1 fall in junior market
March 30, 2015 by
Activity on the Junior Market closed with limited trading resulting in only 4 securities trading and ending in 1,132,161 units changing hands valued at $1,423,265. The JSE Junior Market Index advanced 0.80 points to close at 708.37, with the price of 2 stocks advancing and 1 declining.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 1 stock with a lower offer. The junior market ended with 6 securities closing with no bids to buy and there were 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Blue Power contributing 10,465 units with the price gaining 28 cents, to $7.51. Lasco Distributors ending trading with 329,500 units, the price edged higher by 1 cent at $1.45, Lasco Financial finishing trading with 500,998 shares changing hands at $1.07 and Lasco Manufacturing trading with 291,198 units to close lower by 2 cents at $1.15.
Near 3 years’ high for JSE on Monday
March 30, 2015 by
The Jamaica Stock Market started off the week on a positive note, closing at a 34 months high at the end of trading, on Monday. The JSE Market Index gained 848.12 points to 84,246.09, 
the JSE All Jamaican Composite index rose 948.24 points to close at 92,909.34 and the JSE combined index climbed 805.21 points at 85,837.84. Monday’s closing All Jamaica Composite Index, is at the highest, since early June 2012.
A 70 cents gain in Scotia Group to close at $22.20 was the main stock that influenced the move in the indices. Jamaica Money Market had earlier traded at $7.99 cents, up 75 cents and would have also positively impacted the indices. Although the indices of the main market moved up strongly, it came out of almost even advanced declined ratio. Only 624,118 units traded in the main and US dollar markets. On a day of low volumes, the leading trades were National Commercial Bank with 120,019 shares and Sagicor Group with 104,619 units.
