New tax measures announced on Thursday, hit the stock market on Friday, particularly, Carreras that had a direct hit with increased taxes on cigarettes.
The price of Carreras stock fell to close at $40 after shedding $3, but it traded as low as $38.01 before recovering partially.
National Commercial Bank lost 50 cents and Scotia Investments fell by $2. At the end of trading 9 stocks recorded gains and 11 suffered losses. Trading activity picked up from the low levels of Thursday as 27 securities traded worth $41,075,686 versus only 15 securities on Thursday. The JSE Market Index lost 637.18 points to 81,881.33, the JSE All Jamaican Composite index fell 712.40 points to close at 90,265.43.
Tax measures bite stock market
March 13, 2015 by
JSE Friday morning
March 13, 2015 by
Trading was light on the Jamaica Stock Exchange in the first hour of the market being opened. Price movements so far has had little impact on the market indices.
Advancing stocks hold upper hand
March 12, 2015 by
NCB stock closed at J$25 on TTSE as demand exceeds supply in that market.
Main Market| The JSE Market Index lost 106.11 points to end at 82,518.51, the JSE All Jamaican Composite index fell 118.63 points to close at 90,977.83 and the JSE combined index declined by 129.33 points to 84,289.76.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless exchanging 10,700 shares to close higher by 3 cents at 53 cents, Caribbean Cement had dealing in 10,000 shares and ended with a gain of 4 cents to $2.30, Grace Kennedy with 75,145 shares changing hands, gained 28 cents to $60.80. Pan Jamaican Investment finished trading in 16,200 shares while gaining 80 cents to $54 and Scotia Investments saw 1,423,517 units changing hands to close 50 cents higher to $24.
Firm| The stocks in the main market to close without a change in the last traded prices are, Jamaica Money Market Brokers trading only 170 ordinary shares at $7.10. Kingston Wharves had dealing in 996 shares to close at $6.40, Sagicor Group contributed 545,371 shares to close at $10.42 and Scotia Group ending trading with 46,432 shares at $20.80.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras finishing with 41,634 units, to close lower by 15 cents at $43. Mayberry Investments closing with 1,020 units, the price slipped 14 cents to $2.36 and National Commercial Bank (NCB) finishing with only 3,425 shares trading lower by $1 at $24. NCB traded at the equivalent of J$25 on the Trinidad and Tobago Market with a bid on to buy 95,326 units at the closing price, there were no stocks on offer.Preference| Jamaica Money Market Brokers 8.75% preference share traded 37,618 units at $3.
JS revaluation continues – Thursday
March 12, 2015 by
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The Jamaican dollar had another day of moderate appreciation on Thursday, against the major currencies it normally trades against. Purchases of all currencies by dealers ended at US$32,018,857 equivalent, compared with US$32,011,020, on Wednesday and selling of the equivalent of US$55,570,947 versus US$35,962,081 on the previous trading day.
In US dollar trading, dealers bought US$27,951,764 compared to US$30,387,092 on Wednesday. The buying rate for the US dollar fell 6 cents to $114.92 and US$54,257,038 was sold versus US$34,263,115 on Wednesday, the selling rate slipped 1 cent to end at $115.47. The Canadian dollar buying rate rose 78 cents to $89.64 with dealers buying C$1,191,447 and selling C$603,938, at an average rate that dropped 29 cents to $91.13 The rate for buying the British Pound regained $2.49 to $173.40 for the purchase of £1,934,986, while £484,605 was sold, at an average rate of $172.66, for a fall of 84 cents. At the end of trading it took J$122.12 to purchase the Euro, $1.56 less than on Wednesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$119.78 for a decline of $1.47 from Wednesday. Other currencies bought, amounted to the equivalent of US$218,135 while the equivalent of US$112,645, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained at $115.65, $94.36 and $120.91 respectively. The lowest selling rate fell by $1.86, to end at $94.36. The highest buying rate for the Canadian dollar slipped 30 cents to $91.70, the lowest buying rate fell 54 cents to $71.92. The highest selling rate slipped 50 cents to $93.50 and the lowest selling rate declined by 35 cents to $86.65 The highest buying rate for the British Pound, climbed $1.98 to $176.03. The lowest buying rate dropped 88 cents to $138.73, the highest selling rate dipped 15 cents to $178.85 and the lowest selling rate fell $1.15 to $167.15.
Lasco Manufacturing trades 5.2m
March 12, 2015 by
Activity on the Junior Market closed with only 2 securities traded, ending with 5,209,400 units changing hands valued at $5,996,887. The JSE Junior Market Index declined 3.18 points to close at 716.65, with the price of 1 stocks advancing and none declining.
At the close of the market, there were 5 stocks with bids higher than their last selling prices and 2 with offers that were lower. The junior market ended with 3 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Consolidated Bakeries concluding trading with just 800 shares at 90 cents and Lasco Manufacturing closed with 5,208,600 shares trading, the price rose 2 cents to $1.18.
JSE loses ground slightly
March 12, 2015 by
Trading again picked up after a slow morning session on Thursday similar to Wednesday. At the close 15 securities traded resulting in 7,421,628 units valued at $51,342,298.
The JSE Market Index lost 106.11 points to 82,518.51, the JSE All Jamaican Composite index fell 118.63 points to close at 90,977.83. Scotia Investments with 1,423,517 shares was the dominant main market trade, the price closed at $24 up 50 cents, this was followed by Sagicor Group with 545,371 units and it closed at $10.42.
3 new highs on TTSE Thursday
March 12, 2015 by
Trading on the Trinidad Stock Exchange closed with 14 securities changing hands of which 6 advanced, 4 declined and 5 traded firm with a total of 283,146 units, valued at $4,912,525. Three stocks closed at 52 weeks’ high.
At the close of the market, the Composite Index rose by 0.68 points to close at 1,149.70, the All T&T Index fell 1.39 points to close at 1,971.43 and the Cross Listed Index increased by 0.37 points to end at 42.98.
Gains| Stocks increasing in price at the close are, Clico Investment Fund trading 53,961 shares valued at $1,214,662 to end 1 cent up to $22.51, Firstcaribbean International Bank with 25,000 shares changing hands and closed at $5.10, for an increase of 7 cents. Guardian Holdings traded 10,255 shares at $13.10 after gaining 9 cents, National Commercial Bank with 106,324 shares trading closed 1 cent higher at a new 52 weeks’ high of $1.38. Prestige Holdings gained 1 cent to end at a 52 weeks’ high of $9.91 with 5,000 shares changing hands, Unilever Caribbean gained 4 cents to end at a new 52 weeks’ high of $65.40 while trading 1,058 shares.
Declines| Stocks declining at the end of trading are, Angostura Holdings with 5,334 shares closing with a loss of 6 cents, at $14.90. First Citizens Bank trading 2,164 shares, closing with a loss of 46 cents at $35, Grace Kennedy trading 1,686 shares at $3.59 after losing 1 cent and Scotiabank losing 4 cents in trading 2,342 shares to end at $62.16.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Massy Holdings trading 44,546 shares valued at $2,822,435 to close at $63.36, National Flour Mills exchanging 13,771 shares at $1.55, Republic Bank traded 10 shares and closed at $118.21 and Scotia Investments traded 11,668 shares at $1.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
1 stock trade so far
March 12, 2015 by
Grace Kennedy was the sole stock trading at 10 on Thursday morning on the Jamaica Stock Exchange. 
J$ continues to gain on Wednesday
March 11, 2015 by
The Jamaican dollar continues to made gains against the major currencies on Wednesday as purchases of all currencies by dealers ended at US$32,011,020 equivalent, compared with US$32,466,669, on Tuesday and selling of the equivalent of US$35,962,081 versus US$53,440,863 on the previous trading day.
In US dollar trading, dealers bought US$30,387,092 compared to US$27,214,911 on Tuesday. The buying rate for the US dollar rose 2 cents to $114.98 and US$34,263,115 was sold versus US$50,104,155 on Tuesday, the selling rate fell 3 cents to end at $115.48 The Canadian dollar buying rate dropped 74 cents to $88.86 with dealers buying C$614,839 and selling C$537,751, at an average rate that advanced 36 cents to $91.42. The rate for buying the British Pound dipped $1.75 to $170.91 for the purchase of £694,383, while £517,462 was sold, at an average rate of $173.51, for a decline of 29 cents. At the end of trading it took J$123.68 to purchase the Euro, $1.62 less than on Tuesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.24 for a decline of $1.64 from Tuesday . Other currencies bought, amounted to the equivalent of US$116,629 while the equivalent of US$495,771, was sold.
Highs & Lows| The highest buying rate for the US dollar, declined 10 cents to $115.65, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate dived $16.78, to end at $96.22. The highest buying rate for the Canadian dollar rose 40 cents to $92, the lowest buying rate fell 25 cents to $72.46. The highest selling rate was unchanged at $94 and the lowest selling rate declined by 60 cents to $87. The highest buying rate for the British Pound, dropped 5 cents to $174.05. The lowest buying rate dropped 20 cents to $139.61, the highest selling rate dipped $1.24 to $179 and the lowest selling rate fell 25 cents to $168.20.
NCB closes at $25
March 11, 2015 by
NCB closed up by $1.50 at $25 on Wednesday
Main Market| The JSE Market Index gained 507.16 points to 82,624.62, the JSE All Jamaican Composite index fell rose 567.03 points to close at 91,096.46 and the JSE combined index gained 594.16 points to close at 84,419.09.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes in contributing 60,988 shares closed 35 cents higher to $5.50, National Commercial Bank closing with 65,060 shares changing hands $1.50 higher at $25, Supreme Ventures finishing trading with 87,600 shares, 3 cents up to $2.30Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless was the only ordinary stock to remained unchanged in price at the end of trading and closed with 103,000 shares changing hands at 50 cents
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Caribbean Cement finishing with 11,500 units to close lower by 5 cents at $2.26. Carreras closing with 4,000 units, the price slipped 36 cents to $43.15, Grace Kennedy finishing trading with 9,344 shares to close 54 cents lower at $60.52, Jamaica Broilers concluded trading with 88,276 shares and closed with a loss of 1 cent at $4, Jamaica Money Market Brokers in exchanging 306,475 units, ended with a decline of 1 cent to $7.10. Sagicor Group had dealing in 2,143,526 shares trading with a loss of 8 cents to $10.42,
Scotia Investments lost $ to close at $23.50
Preference| Jamaica Money Market Brokers 8.75% preference share traded 1,770,782 units and lost 4 cents to $3 and Jamaica Money Market Brokers 7.50% preference shares traded 489,374 units at $2.
