Trading on the Trinidad Stock Exchange ended with 9 securities changing hands of which 3 advanced, 2 declined and 4 traded firm with a total of 153,230 units, valued at $2,177,076.
At the close of the market, the Composite Index rose by 0.13 points to close at 1,148.79, the All T&T Index gained 0.19 points to close at 1,980.04 and the Cross Listed Index fell 0.01 points to end 41.58.
Gains| Stocks increasing in price at the close are, ANSA McAL gained 4 cents to end at $66.86 after trading 4,646 units valued at $310,632. Ansa Merchant Bank added 5,000 shares valued at $194,550 and ended up a cent at $38.91 and Scotiabank traded 1,181 shares to end at $62.15 for a 2 cents gain.
Declines| The stocks declining at the end of trading are, Clico Investment Fund with 15,258 shares valued at $343,582 trading, lost 3 cents to $22.50 and First Citizens Bank had 700 units changing hands at $35.73 after dropping 1 cent.
Firm Trades| Firstcaribbean International Bank closed with a volume of 39,574 shares traded for $199,082 at $5.03, Guardian Holdings contributed 72,883 shares with a value of $947,479 to close at $13, Prestige Holdings traded 2,491 shares at $9.90 and Sagicor Financial Corporation closed at $5.11 while trading 11,497 shares.
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 5 stocks with offers that were lower.
TTSE closes with moderate trading
Selling exceeds buying by US$15m – Thursday
Purchases of all currencies by dealers amounting to US$36,782,160 compared with the US$42,869,906, on Wednesday nearly US$15 million more than selling of the equivalent of US$51,379,595 versus US$41,114,060 sold on Wednesday.
In US dollar trading, dealers bought US$31,445,586 compared to US$36,345,296 on Wednesday. The buying rate for the US dollar lost 3 cents to $115.12 and US$49,329,254 was sold versus US$38,634,332 on Wednesday, the selling rate fell 1 cent to $115.59. The Canadian dollar buying rate dropped 59 cents to $90.69 with dealers buying C$1,219,191, and selling C$597,637, at an average rate that dipped 12 cents to $92.25. The rate for buying the British Pound climbed 92 cents to $177.04 for the purchase of £2,670,775, while £924,411 was sold, at an average rate of $178.64, up 52 cents. At the end of trading it took J$131.30 to purchase the Euro, 25 cents more than on Wednesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.82 for 18 cents more than on Wednesday . Other currencies bought, amounted to the equivalent of US$268,778 while the equivalent of US$144,804, was sold.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained at $115.80, $94.36 and $120.91 respectively. The lowest selling rate jumped $22.75 to $113.50. The highest buying rate for the Canadian dollar remained at $93, the lowest buying rate rose $1.32 to $73.70. The highest selling rate was unchanged at $95.26 and the lowest selling rate fell $11.69 to $75.51 The highest buying rate for the British Pound, slipped 50 cents to $178.90. The lowest buying rate climbed 66 cents to $143.42, the highest selling rate gained $1.74 to $184.90 and the lowest selling rate climbed 50 cents to $172.50.
JSE near 20 months’ high
Thursday’s activity on the Jamaica Stock Exchange, ended with big gains in the main market indices, as heavily weighted National Commercial Bank traded as high as $24, Desnoes & Geddes end at $5.50, Kingston Wharves closed up at $6.50 and Sagicor Group gained 10 cents. At the end, the prices of 8 stocks rose 5 declined as 21 securities changed hands, with 3,414,320 units trading, valued at $11,037,316, in all market segments.
Main Market| The JSE Market Index gained 922.34 points to 81,141.21, the JSE All Jamaican Composite index rose 1,031.22 points to close at 89,437.94, the highest since July 15, 2013 and the JSE combined index gained 841.81 points to close at 82,939.38.
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 2 stocks with offers that were lower.
Scotia Investments put on $2.05 on Thursday.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner ending with 2,007,266 units trading at 85 cents. Grace Kennedy finishing with 1,000 shares at $60.51, followed by 138 Student Living, closing with only 2,500 units at $4.40, Radio Jamaica ending with 1,200 shares changing hands to close at $1.35 and Scotia Group finishing with 20,450 shares trading at $21.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints concluding trading with 49,151 shares changing hands, to close down by 2 cents at $1.55. Caribbean Cement closing with 20,172 units trading as the price slipped 25 cents to $2.60, Carreras ending trading with 17,074 shares trading lower by 45 cents to $44.05, National Commercial Bank in having 40,112 shares changing hands, closed 15 cents lower at $22 after trading at a new intraday 52 weeks’ high of $24.
TCL jumps 19 cents to $2.50
Trinidad Cement stock gained 19 cents in Thursday’s trading ahead of the rights issue which starts next week, but still below the price of $2.90 that the each of the share in the rights issue will be priced at.
Trading on the Trinidad Stock Exchange ended with 9 securities changing hands of which 4 advanced, 4 declined and 1 traded firm with a total of 768,222 units, valued at $3,782,768. At the close of the market, the Composite Index rose by 0.10 points to close at 1,148.66, the All T&T Index gained 1.09 points to close at 1,979.85 and the Cross Listed Index fell 0.12 points to end 41.57.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with only 480 shares trading, advanced by 1 cents to $22.53 while National Enterprises added 32,693 shares, valued at $567,368 and gained 6 cent at $17.40. National Flour Mills closed with 7,953 shares with a gain of 2 cents to end at $1.52 and Trinidad Cement with 368,999 shares changing hands for a value of $921,497.50, gained 19 cents to end the day at $2.50.
Declines| The stocks declining at the end of trading are, Grace Kennedy closed trading with 15,000 shares at $3.60 with a 1 cent decline. Massy Holdings trading 1,238 shares to close at 63.59, with a loss of 1 cent for a new 52 weeks’ low. Republic Bank traded 1,000 shares at $118.38, to close with a decline of 2 cents and Sagicor Financial Corporation suffered a loss of 14 cents to close at $5.10 while trading 305,259 shares for $1,557,119.
Firm Trades| Guardian Holdings contributed 35,600 shares with a value of $462,800 and closed at $13.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 5 stocks with offers that were lower.
Trading drops in junior market
Activity on the Junior Market closed with 4 securities traded ending with 341,891 units changing hands valued at $ 422,360. The JSE Junior Market Index declined 2.78 points to close at 710.76 with the price of 1 stock declining and 3 ended with the prices unchanged.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with the offer lower. The junior market ended with 4 securities closing with no bids to buy and 6 securities had no stocks being offered for sale.
Stocks trading in the junior market are, Lasco Financial closed with 275,700 shares trading lower by 11 cents to $1.04 Caribbean Producers closed with 15,202 shares trading at $2.10, Derrimon Trading had 3,689 units changing hands at $2.04, General Accident closed with 47,300 shares changing hands at $1.70.
Bulls lurching round JSE
The market traded with bullish tendency today, National Commercial Bank traded as high as $24 for a new 52 weeks’ intraday high, but ended at $22 at the close. Desnoes & Geddes closed at a new 52 weeks’ high of $5.50.
The all Jamaica composite index closed with a gain of 1,031.22 points to 89,437.94 points the highest levels since June 2013. The JSE Index closed with a 922.34 points increase at 81,141.21. The market now targets the 92,000 points resistance level on the all Jamaica which should be taken out by the end March with the next one after being around 97,000 points.
The attached chart shows the bids and offers at the close of the market with the volumes of the lowest offers and highest bids. The chart provides investors with much more information than have been made available to the general public. Investors can get some indication of supply and demand posted in the market with the immediate volumes on the bid to buy or the amounts on offer, at the disclosed prices. What is shown represents only the stocks on offer to sell and the amounts being purchased at the prices shown. IC Insider will now be posting these daily.
D&G at new 52 weeks’ high
D&G traded at a new 52 weeks’ high of $5.30 in the morning session on Thursday with 30,000 shares. The all Jamaican index is up 462.30 points at 88,869.02 points so far.
J$ holding against US dollar – Wednesday
Inflows of foreign exchange into the system continued to be buoyant on Wednesday with slightly more buying than selling of foreign currencies by dealers. Purchases of all currencies amounting to US$42,869,906 compared with the US$43,926,359, on Tuesday. Selling was for the equivalent of US$41,114,060 versus US$42,891,279 sold on Tuesday.
In US dollar trading, dealers bought US$36,345,296 compared to US$38,670,944 on Tuesday. The buying rate for the US dollar lost 5 cents to $115.15 and US$38,634,332 was sold versus US$39,072,048 on Tuesday, the selling rate put on 1 cent to $115.60. The Canadian dollar buying rate rose 95 cents to $91.28 with dealers buying C$1,526,264, and selling C$1,396,081, at an average rate that rose $1.12 to $92.37. The rate for buying the British Pound dipped 14 cents to $176.12 for the purchase of £3,346,852, while £410,120 was sold, at an average rate of $178.12, a fall of 25 cents. At the end of trading it took J$131.05 to purchase the Euro, 20 cents less than on Tuesday , according to data from Bank of Jamaica, while dealers purchased the European common currency at J$128.64 for 7 cents less than on Tuesday . Other currencies bought, amounted to the equivalent of US$195,963 while the equivalent of US$732,265, was sold.
Highs & Lows| The highest buying rate for the US dollar declined 15 cents to $115.80 and the lowest buying rate remained at $94.36. The highest selling rate fell 21 cents to $120.91. The lowest selling rate fell $3.61 to $90.75. The highest buying rate for the Canadian dollar rose 50 cents to $93, the lowest buying rate dropped 16 cents to $72.38. The highest selling rate lost 24 cents to $95.26 and the lowest selling rate fell 20 cents to $87.20. The highest buying rate for the British Pound, rose 30 cents to $179.40. The lowest buying rate climbed 46 cents to $142.76, the highest selling rate dipped 29 cents to $183.16 and the lowest selling rate climbed 55 cents to $172.
5 stocks rose 3 fell on TTSE
Trading on the Trinidad Stock Exchange with 9 securities changing hands of which 5 advanced, 3 declined and 1 traded firm with a total of 132,860 units, valued at $1,448,296.
At the close of the market, the Composite Index rose 0.05 points to close at 1,148.56, the All T&T Index fell by just 0.35 points to close at 1,978.76 and the Cross Listed Index increased by 0.06 points to end at 41.69.
Gains| Stocks increasing in price at the close are, Agostini’s ending with 2,600 units trading, for a 1 cent gain, to $17.61. Clico Investment Fund traded 8,691 shares valued at $195,721 and advanced by 1 cents to $22.52, National Commercial Bank traded 1,405 shares with a 1 cent rise, to end at a new 52 weeks’ high of $1.22. Scotiabank added 2,948 shares valued at $183,157 to close at $62.13 for a 1 cent gain and Trinidad Cement with 55,100 shares valued at $126,781 traded, gained 1 cent to end at $2.31.
Declines| The stocks declining at the end of trading are, First Citizens Bank trading 327 shares as the price eased by 1 cent to $35.74. Guardian Holdings with 58,187 shares changing hands for a value of $756,795 lost 6 cents to close at $13, Sagicor Financial Corporation traded 400 shares to close with a loss of 1 cent at $5.24
Firm Trades| Ansa Merchant Bank contributed 3,202 shares with a value of $124,558 to close at $38.90.
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 4 stocks with offers that were lower.
