Trading on the Trinidad Stock Exchange ended with 11 securities changing hands of which 3 advanced, 2 declined and 6 traded firm with a total of 270,670 units, valued at $7,370,222.
At the close of the market, the Composite Index lost 0.14 points to close at 1,144.66, the All T&T Index fell by 0.28 points to close at 1,971.43 and the Cross Listed Index remained at 41.63.
Gains| Stocks increasing in price at the close are, Clico Investment Fund traded 895 shares and advanced by 1 cent to end at $23.01, while First Citizens Bank added 1,944 shares valued at $71,655 to close at $36.86 up by 2 cents and Scotiabank gained 5 cents while trading 110 share to close at $59.45
Declines| The stocks declining at the end of trading are, National Enterprises contributed 5,740 shares with a value of $99,991 but closed down a cent at $17.42, a new 52 weeks’ low, followed by Republic Bank with a volume of 53,680 shares traded valued at $6,430,864 and lost 14 cents to end at $119.80.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA Mcal ended at $66.37 with 300 shares changing hands, Massy Holdings closed at $68.24 with 232 shares traded, National Commercial Bank with 1,000 shares closed at $1.11. National Flour Mills with 155,277 shares changing hands for a value of $170,805 ended at $1.10, Sagicor Financial Corporation 6.5% preference shares traded 50,000 units at US$1.10 and West Indian Tobacco traded 1,492 units to close at $121.26.
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.
$7.37M traded on TTSE
20% hike in Trinidad Stock Exchange fees
Caribbean stock exchanges have not been friendly to investors. Earlier this year the Jamaica Stock Exchange hiked fees charged for trading. Effective August this year, the Trinidad and Tobago Stock Exchange Limited hiked the fees charged for trading stocks by 20 percent.
These increases have taken place against the background where the exchanges are struggling to interest investors to put their money into stocks. The increase in charges for trading on the Trinidad Exchange became effective August 4th 2014 for equity and mutual fund trades.
TTSE transaction charge was previously, 0.10 percent of the value of the trade, on the buy and sell sides, but it was bumped up by 20 percent, to 0.12 percent of the value of the trade on the buy and sell sides. The TTCD transactions previously charged at 0.05 percent of the value of the trade on the buy and sell sides is pushed up 20 percent to 0.06 percent of the value of the trades on both sides.
Eppley goes to Market again
Eppley goes to Market again, this time to raise between $150 million and up $250 million by way of an additional amount of the 2019 preference shares. The yield will initially be 10 percent for the first two years, with step of rates thereafter.
According to the company, “as a result of excessive demand for the cumulative redeemable preference shares of the Company due 2019 (the “2019 Preference Shares”) for which subscriptions were invited subject to a prospectus dated 4 November 2014, the Company now invites further Applications for subscription for 25,000,000 additional new 2019 Preference Shares in the capital of the Company”. JMMB Securities Limited is acting as lead broker and listing agent to the Company in the Invitation. The Company reserves the right to make available further 2019 Preference Shares prior to the Closing Date.
The Company reserves the right to issue up to 41,666,667- 2019 Preference Shares in the event that the Invitation is oversubscribed by applicants and on that basis the total consideration for the subscription of such shares would be greater than $150,000,000 but will not exceed $250,000,002. The issue opens on Tuesday 16 December and closes Tuesday 23 December 2014 with the shares being issued at $6 each.
The Company already has accepted applications for the issue of 58,333,334 – 2019 Preference Shares by way of prospectus dated 4 November 2014 however these shares have not yet been allotted and as such, at the date of this Prospectus there are no holders of the 2019 Preference Shares as yet. It is the intention of the Board that any 2019 Preference Shares for which Applications are made pursuant to this prospectus, or for which applications were successfully made pursuant to the earlier prospectus dated 4 November, will be allotted simultaneously by the Company. The shares are expected to be listed on the junior market of the Jamaica Stock Exchange.
Cable & Wireless acquires Dekal Wireless
Cable & Wireless Jamaica (C&W) advised that a member of the CWC Group of companies entered into an agreement to purchase all the shares in the parent company of Dekal Wireless Jamaica on November 9, 2014.
Subject to the relevant regulatory approvals, Dekal Wireless Jamaica Limited will in the interest of efficiency be operated by Cable & Wireless Jamaica. Dekal Wireless the release said is a licensed provider of wireless internet services to rural Jamaican communities. C&W further stated “that this collaboration will increase internet availability to previously under-served communities; improve prepaid internet accessibility via laptops, tablets or smartphones to more consumers, islandwide.”
This is the second company to be acquired by the CWC group within a matter of a month.The acquisition will add customers and income to C&W and help to cut overhead cost in the new acquisition.
J$ loses against all – Wednesday
The J$ sunk to a low of J$114.03 to the US$ on Wednesday
The Jamaican dollar lost value against all the major currencies, on Wednesday. Authorized dealers purchased the equivalent of US$39,925,592 versus US$31,351,075 on Tuesday, and sold the equivalent of US$42,238,712 compared to US$32,316,397 on Tuesday. In US dollar trading, dealers bought US$32,638,029 compared to US$27,498,857 on Tuesday. The buying rate for the US dollar was unchanged at $113.39 and US$36,803,222 was sold versus US$29,712,322 on Tuesday. The selling rate rose 14 cents to $114.03. The Canadian dollar buying rate rose $1.57 to $98.71 with dealers buying C$5,663,098 and selling C$5,213,941, at an average selling rate that put on 14 cents, to $99.18. The rate for buying the British Pound climbed 75 cents to $176.27, for the purchase of £1,344,950, while £469,682 was sold, the rate rose 71 cents to $178.41. At the end of trading it took J$141.49 to purchase the Euro, $1.59 more than on Tuesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$138.75, an increase of $1.71. Other currencies bought, amounted to the equivalent of US$267,212 while the equivalent of US$165,735, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 3 cents higher at $114.25, the lowest buying, the highest selling and the lowest selling rates were unchanged at $93.52, $119.84 and $111.50 respectively. The highest buying rate for the Canadian dollar slipped 20 cents to end at $99.60. The lowest buying rate closed 12 cents lower, at $79.27. The highest selling rate fell 53 cents to $102.19 and the lowest selling rate dipped 15 cents to $95.50. The highest buying rate for the British Pound, gained 80 cents to $179.80. The lowest buying rate gained 25 cents to $143.59, the highest selling rate fell $2.99 to $181.80 and the lowest selling rate picked up 30 cents to $173.
Bulls want to take over JSE
Wednesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 14 stocks rising and only 5 declining as 26 securities changed hands, ending in 7,178,648 units trading, valued at $38,478,576, in all market segments. Wednesday is the second day within less than a week, that the prices of more than 13 stocks rose, with only a few falling.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and 1 stock with a lower offer.
Main Market| The JSE Market Index gained 980.87 points to 76,024.35, the JSE All Jamaican Composite index rose 1,096.76 points to close at 83,717.11 and the JSE combined index gained 980.32 points to 77,780.11. The market indices rose higher during trading, than the levels they closed at, but settled back lower at the close.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless completed trading with 1,302,045 shares with the price rising 1 cent to 46 cents. Supply of the stock has fallen sharply since trading on Tuesday, now with only 12 offers to sell 6.5 million units, between 50 cents and $1 each. Caribbean Cement closed trading with 11,000 units and put on 1 cent to $2.41, Desnoes & Geddes concluded trading with 70,750 shares changing hands, with a gain of 1 cent to $4.66. Grace Kennedy ended with 20,239 units to close with a gain of 51 cents to $60.51, Jamaica Broilers finished trading with 228,433 shares, with the price rising by 1 cent to $4.06. Jamaica Producers contributed 155,000 units and put on $1.04 to $17, National Commercial Bank ended trading with 176,050 shares to end with an increase of 30 cents to $18.50, Scotia Group closed with trading in 977,666 shares, the price ended at 40 cents higher at $20.50 and Scotia Investments finished trading with 4,500 shares with a gain of 41 cents to $21.51.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney ending with 2,000 shares trading at 7 cents. Jamaica Money Market Brokers closed with 11,000 ordinary shares trading at $7, Kingston Wharves ended with 200 shares at $6 and Sagicor Group ended trading with 65,547 shares changing hands to close at $9.96.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints closing with 30,350 units as the price slipped 9 cents to $1.51, a new 52 weeks’ low. Carreras finished with 68,034 shares trading lower by 84 cents to $36.16, Mayberry Investments ended with 1,224 shares with a loss of 3 cents to $1.49, Sagicor Real Estate Fund ended trading with 137,095 units and closed at 25 cents to $7 and Supreme Ventures closed with 2,000 units as the price slipped 5 cents to $1.90.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 27,800 units to close at $3.50.
Scotiabank heading higher on TTSE
At the end of trading on the Trinidad Stock Exchange, Scotiabank traded over 40,000 shares but left unsatisfied orders to buy 129,576 units at $59.45, with no stock on offer, a sure sign of higher prices down the road. The overall market shows signs of rising prices ahead, for a number of the listings on the market.
At the market closed with 13 securities changing hands of which 2 advanced, 3 declined and 8 traded firm, for a total of 1,431,779 units, valued at $5,790,544.
At the close of the market, the Composite Index rose 0.02 points to close at 1,144.80, the All T&T Index inched up by just 0.06 points to close at 1,971.71 and the Cross Listed Index remained at 41.63.
Gains| Stocks increasing in price at the close are, Massy Holdings in trading 1,915 shares, closed at $68.24, down a cent. Sagicor Financial Corporation contributed 56,133 shares with a value of $336,798 to gain 5 cents and end at $6 and Scotiabank traded 40,908 shares, valued at $2,431,162 to close with a gain of 1 cent at $59.43, the stock closed with a higher bid than the last selling price.
Declines| The stocks declining at the end of trading are, Jamaica Money Market Brokers with 470,000 shares traded for $206,800, lost 1 cent to end at 44 cents and National Flour Mills fell 2 cents to close at $1.10 with 2,129 units changing hands.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 18,685 units valued at $429,790 changing hands but remained at $23, First Citizens Bank traded 1,700 shares at $36.81. Guardian Holdings added 54,540 shares valued at $722,655 to end at $13.25, National Commercial Bank closed with 715,652 shares changing hands for a value of $794,373 at $1.11. National Enterprises with 2,291 shares trading closed at $17.43, Sagicor Financial Corporation 6.5% preference share had trading in 50,000 shares with a value of US$55,000 at $6 each and West Indian Tobacco traded 1,826 shares valued at $221,421 to close at $121.26.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than their last selling prices and 1 stock with the a lower offer.
Lasco Manufacturing dominates
Lasco’s bottling line
At the close of the market, there were just 1 stock with the bid higher than the last selling price and none with the offers that was lower. Sentiments in the junior market seems to be on the mend with 6 securities closing with no bids to buy compared to as many as 11 a few weeks ago. There were 6 securities that had no stocks being offered for sale.
Lasco Manufacturing finished trading with 3,140,579 changing hands to end at $1, up by 2 cents, Lasco Distributors ended with 425,670 trading to end at $1.45 while gaining 1 cent, Blue Power Group ended with 950 units trading 11 cents higher at $6.16, General Accident Insurance closed trading with 11,332 shares and gained 16 cents at $1.75. Игроки могут войти прямо с нашего сайта, ссылка ведет на официальный ресурс и активное рабочее mostbet Выигрыш же можно оформить только при полностью заполненном профиле.
Caribbean Producers closed with 104,408 shares and ended at $2.20, Dolphin Cove ended with 6,000 to close at $8.50, Buying came into the market for Medical Disposables that finished with 198,776 units changing hands to end at $1.70, at the close there was a bid to buy 370,224 units, at $1.70.
Bulls seen at JSE this morning
The Jamaica stock market is showing some bullish indications this morning, with the main indices all gaining over 1,100 points. The junior market index is also up from yesterday’s close. Main Market|
The JSE Market Index gained 1,179.75 points to 76,223.23, the JSE All Jamaican Composite index jumped 1,319.12 points to 83,939.47, the JSE combined index gained 1,208.88 points to close at 78,008.67 and the junior market index was at 678.07 up 10.65 points, at 11.05 o’clock this morning.
The main movers this morning so far are, Jamaica Producers up $1.04 to $17, National Commercial Bank up 30 cents at $18.50 and Scotia Group with a gain of 40 cents to $20.50 with 935,372 shares traded.General Accident Insurance gained 16 cents to $1.75 in the junior market.
J$ gains vs Canadian & Pound – Tuesday
The Jamaican dollar continue to lose value against the US dollar but gained against the British pound and the Canadian dollar, on Tuesday. Authorized dealers purchased the equivalent of US$31,351,075 versus US$46,947,247 on Monday, and sold the equivalent of US$32,316,397 compared to US$40,489,087 on Monday.
In US dollar trading, dealers bought US$27,498,857 compared to US$42,320,091 on Monday. The buying rate for the US dollar put on 20 cents to $113.39 and US$29,712,322 was sold versus US$37,843,073 on Monday. The selling rate rose 7 cents to $113.89. The Canadian dollar buying rate rose 22 cents to $97.14 with dealers buying C$1,435,591 and selling C$785,344, at an average selling rate that erased 34 cents, to $99.04. The rate for buying the British Pound climbed 11 cents to $175.52, for the purchase of £1,434,718, while £547,510 was sold, the rate slipped 29 cents to $177.70. At the end of trading it took J$139.90 to purchase the Euro, 3 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$137.13, down by a cent.
Other currencies bought, amounted to the equivalent of US$401,331 while the equivalent of US$1,066,818, was sold.
Highs & Lows| The highest buying rate for the US dollar, closed 12 cents higher at $114.22, the lowest buying and the highest selling rates were unchanged at $93.52 and $119.84 respectively, but the lowest selling rate jumped $18.15 to $111.50. The highest buying rate for the Canadian dollar slipped 15 cents to end at $99.80. The lowest buying rate closed 24 cents lower, at $79.39. The highest selling rate fell 32 cents to $102.72 and the lowest selling rate dipped 35 cents to $95.65. The highest buying rate for the British Pound, gained 80 cents to $179. The lowest buying rate eased 25 cents to $143.34, the highest selling rate fell 43 cents to $184.79 and the lowest selling rate lost 30 cents to $172.70.
