Winners hard to find on TTSE
At the close of the market, the Composite Index rose 3.05 points to close at 1,149.41, the All T&T Index fell by 0.12 points to close at 1,974.63 and the Cross Listed Index increased by 0.83 points to end at 42.47.
Gains| Stocks increasing in price at the close are, National Commercial Bank increased 12 cents to end at a 52 weeks’ high of $1.35 the equivalent of J$24.37 while it closed at $23.50 on the Jamaica Stock Exchange. The stock closed with a bid of $1.35 to buy 171,500 shares with no stock on offer. In Jamaica there are only 4 offers totalling 109,000 units between $25.50 and $33.
Declines| The stocks declining at the end of trading are, Clico Investment Fund traded with 28,280 shares valued at $636,542 and declined by 4 cents to end at $22.50 and First Citizens Bank contributed 40,141 shares with a value of $1,423,400, and closed 3 cents down at $35.46.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Grace Kennedy traded 28,548 shares to close at $3.60, Jamaica Money Market Brokers with a volume of 82,734 shares at 43 cents, National Enterprises 173 shares to close at $17.40, National Flour Mills 1,500 shares traded at $1.55. One Caribbean Media had 12,224 shares changing hands at $23.95, Point Lisas Industrial Port Development traded 4,557 shares to close at $3.50, Republic Bank added 32,120 shares valued at $3,796,795 to close at $118.21, Sagicor Financial Corporation with 286,835 shares changing hands for a value of $1,462,909 at $5.10.
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 3 stocks with offers that were lower.
Only 2 stocks trade in junior market
Activity on the Junior Market closed out the week with only 2 securities trading and ending with 100,102 units changing hands valued at $104,868. The JSE Junior Market Index declined 5.07 points to close at 706.92, with the price of 1 stocks advancing and 1 declining.
At the close of the market, there were only 4 stocks with bids higher than their last selling prices and 2 with offers that were lower. The junior market ended with only 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, Dolphin Cove closed at $8.51 after shedding 49 cents and trading only 102 units and Lasco Financial Services ended with 100,000 units at $1.05 after gaining a cent.
JSE closes week on the down
The all Jamaica composite index shed 1,895.35 to end the week at 90,831.96 and the JSE index lost 1,695.24 to end at 82,388.05 after National Commercial Bank closed at $23.50 down $2 and Scotia Group slipped by $1.39 to $21 contributed most to the decline. Scotia that release results after trading on Thursday reported lower profits in the quarter to January with profit of $1.45 billion versus $2.1 billion in 2014.
JSE slips in early trading
JSE make big daily gains again
National Commercial Bank gained $2.50 and Scotia Group $2.39 to help the Jamaica stock market to close at a two and a half year high on Thursday, resulting from the prices of 13 stocks rising and only 4 declining as 23 securities changed hands, ending in 6,535,906 units trading, valued at $19,861,234 in all market segments.
Main Market| The JSE Market Index gained 1,092.69 points to 84,083.29, the JSE All Jamaican Composite index rose 1,221.67 points to close at 92,727.31 and the JSE combined index gained 1,146.47 points to close at 85,718.39. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 5 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless finishing trading with 102,545 shares at 55 cents, Gleaner concluded trading with 1,500 shares at $1.10, Grace Kennedy in trading 10,510 shares, closed at $62 and Kingston Wharves finishing with 1,000 shares trading at $6.40.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closing with 270,000 units as the price slipped 15 cents to $5.20 and Sagicor Real Estate Fund with 25,000 shares closed with a loss of 10 cents to $6.70.
Junior market activity remains low
Activity on the Junior Market closed with 7 securities trading and ending with 154,762 units changing hands valued at $237,206. The JSE Junior Market Index rose 12.75 points to close at 711.99, with the price of 5 stocks advancing and 2 declining.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market ended with 4 securities closing with no bids to buy and 6 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging with 100 shares changing hands at 4 cents higher to $2.34, Caribbean Producers concluding trading with 1,000 shares, ended with a gain of 1 cent to $2.01. There was dealing in 710 Dolphin Cove shares, with a 50 cents increase to $9. Lasco Distributors closed trading with 104,491 units to gain 4 cents at $1.50, Medical Disposables ended trading with 20,261 shares changing hands, and rising 20 cents to $1.80, Caribbean Flavours ending with 3,100 units to close lower by 29 cents to $1.76 and Lasco Financial finished with 25,100 shares trading lower for 2 cents to $1.03.
J$ stable against US dollar on Thursday
The Jamaican dollar was stable against the US Dollar, gained value on Thursday versus the British pound but declined against the Canadian dollar. Purchases of all currencies by dealers ended at US$30,479,664 equivalent compared with US$36,518,886, on Wednesday and selling of the equivalent of US$33,875,356 versus US$38,523,072 on the previous trading day.
In US dollar trading, dealers bought US$26,732,122 compared to US$30,375,504 on Wednesday. The buying rate for the US dollar gained 3 cents to end at $115.08 and US$31,619,074 was sold versus US$34,883,857 on Wednesday, the selling rate was unchanged at $115.58. The Canadian dollar buying rate dropped $1.30 to $90.57 with dealers buying C$846,123 and selling C$533,240, at an average rate that climbed 26 cents to $92.58. The rate for buying the British Pound dipped $1.15 to $174.53 for the purchase of £1,387,023, while £726,166 was sold, at an average rate of $175.66, for a decline of $1.48. At the end of trading it took J$127.92 to purchase the Euro, $1.35 lower than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.42 for a decline of $1.53 from Wednesday. Other currencies bought, amounted to the equivalent of US$978,170 while the equivalent of US$725,529, was sold.
Highs & Lows| The highest buying rate for the US dollar, fell 25 cents to $115.75, the lowest buying and the highest selling rates remained at $94.36 and $120.91 respectively. The lowest selling rate rose 50 cents to $113.50. The highest buying rate for the Canadian dollar declined $1.50 cents to $92.50, the lowest buying rate rose 8 cents to $73.04. The highest selling rate fell 70 cents to $94.91 and the lowest selling rate was up 10 cents to $88. The highest buying rate for the British Pound, climbed 73 cents to $176.75. The lowest buying rate rose $2.28 to $142.01, the highest selling rate gained $3.11 to $183.08 and the lowest selling rate rose $2.75 to $171.10.
Low TTSE trading activity on Thursday
Trading on the Trinidad Stock Exchange was very low with only 7 securities changing hands, none advanced, 5 declined and 2 traded firm with a total of 311,962 units, valued at $5,730,563.
At the close of the market, the Composite Index lost 0.12 points to close at 1,146.36, the All T&T Index fell by just 0.17 points to close at 1,974.75 and the Cross Listed Index fell by a mere 0.01 points to end at 41.64.
Gains| There were no stocks increasing in price at the close.
Declines| The stocks declining at the end of trading are, Clico Investment Fund traded 111 shares to end at $22.55 and Massy Holdings suffered a loss, 2 cents to close at $63.43 with 5,624 shares trading, valued at $356,732.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Ansa Mcal closing with 1,159 shares at $66.87, Guardian Holdings contributing 12,259 shares with a value of $159,367, closed at $13, One Caribbean Media traded 2,115 shares to end at $23.95. Republic Bank with 31,842 shares traded for $3,763,570 at a price of $118.21 and Sagicor Financial Corporation with 258,852 shares changing hands for a value of $1,320,234, closed at $5.10.
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 5 stocks with offers that were lower.
JSE at 33 months high
The all Jamaica composite index closed above 92,000 points for the first time since as it gained 1,221.67 at the end of trading to end at 92,727.31 points the highest since June 7, 2012.
The stocks contributing to the upward move are mainly Carreras, National Commercial Bank, Pan Jamaican and Scotia Group. Investors should be watching the results for Scotia Group that is expected to be released today for clues as to what may happen to the market on Friday. Attractive gains in profit will encourage investors to buy the stock and that could move the price forward. NCB closed with only two offers of 103,000 units in total with the offer price moved to $30.