Trading on the Trinidad Stock Exchange saw 9 securities changing hands of which 1 advanced, 4 declined and 4 traded firm. A total of 143,636 units changed hands, with a value of $5,772,838.
The Composite Index lost 0.19 points to close at 1,146.32, the All T&T Index fell by 0.31 points to close at 1,979.88 and the Cross Listed Index fell by a mere 0.01 point to end at 40.94.
Gains| One Caribbean Media gained 34 cents to end the day at $25.35 for a new 52 weeks ‘ high and was the only stock increasing in price at the close.
Declines| The stocks declining at the end of trading are, National Enterprises in trading 62 units at $17.74, with a 1 cent loss, Point Lisas Industrial Port fell 18 cents to close at $4.02 while trading 1,200 shares, Sagicor Financial Corporation with 19,500 shares traded for $121,675, ended down 18 cents at $4.02 and Trinidad Cement fell to $2.54 after it lost 10 cents while trading 400 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 58,749 shares valued at $1,292,478, the price remained at $22, First Citizens Bank contributed 2,092 shares with a value of $75,312, to close at $36 and Massy Holdings with 58,676 shares changing hands for a value of $4,019,963, closed at $68.51 and West Indian Tobacco added 1,957 shares valued at $231,124 to end at $118.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
5 stocks fell & 1 rose on TTSE
More US$ bought than sold on Thursday
In Thursday’s forex trading, the Jamaican dollar gave back a cent against the US dollar, gained value versus the Canadian dollar and lost against the Pound. Authorized dealers purchased more foreign currency than they sold as they bought the equivalent of US$29,361,702 versus US$30,445,681 on Wednesday, and sold the equivalent of US$27,149,495 compared with US$35,474,287 on Wednesday.
In US dollar trading, dealers bought US$25,904,827 compared to US$24,647,857 on Wednesday. The buying rate for the US dollar rose 13 cents to $112.36 and US$25,054,219 was sold versus US$31,434,012 on Wednesday, the selling rate recovered a cent to $112.71.The Canadian dollar buying rate fell $1.49 to $100.43 with dealers buying C$732,996 and selling C$409,949 at an average selling rate that declined by 24 cents to $102.57. The rate for the British Pound dipped 71 cents to $181.36, for the purchase of £1,012,241, while £382,845 was sold, the rate rose by 67 cents to $184.19. Other currencies bought, amounted to the equivalent of US$1,167,877, while selling was for the equivalent of US$1,096,616.
Highs & Lows| The highest buying rate for the US dollar, fell 25 cents to $112.85. The lowest buying and the highest selling rates remained unchanged at $91.85 and $117.70 respectively. The lowest selling rate fell $1.45 to $91.85. The highest buying rate for the Canadian dollar eased 10 cents to $102.90, the lowest buying rate rose 38 cents to $81.01. The highest selling rate is up 5 cents to $105.02. The lowest selling was unchanged at $97.60. The highest buying rate for the British Pound, fell 30 cents to $184.20, the lowest buying rate gained 34 cents to $146.54. The highest selling rate climbed $1.21 to $188.91 and the lowest selling rate is up 40 cents to $176.55.
Stocks continue upward move on JSE
Thursday’s activity on the Jamaica Stock Exchange, resulted in the prices of 9 stocks rising and 3 declining as 24 securities changed hands, resulting in 6,462,363 units trading, valued at $54,606,207.
Main Market| At the close of the market the JSE Market Index gained 321.86 points to 72,682.82 and the JSE All Jamaican Composite index rose 359.90 points to close at 79,980.79.
Gains| Stocks gaining, with the last traded prices, at the close in the main market are, Jamaica Broilers with 10,500 shares, rising 5 cents to $4.70, Kingston Wharves with 5,250 shares changing hands, lost a cent at $5.01, Sagicor Real Estate Fund had 17,000 shares changing hands, 3 cents higher at $7.14 and Scotia Investments 22,050 shares at 20 cents more at $21.70.
Firm| The stocks in the main market to close without a change in last traded price are, Cable & Wireless with 3,317 units at 30 cents, Carreras 275,340 shares at $34.65, Jamaica Money Market Brokers with 4,525,000 ordinary shares, closed at $6.95, Jamaica Producers with 788 units ended at $15.08, Proven Investments 5,350 ordinary shares closed at 17.99 US cents, Sagicor Group 570,000 shares closed at $9.75 and Supreme Ventures with 31,000 units at $1.95.
Declines| The last traded prices of stocks with losses, at the at the end of trading in the main market are, Grace Kennedy with 1,623 shares, lost $1 to end at $60, National Commercial Bank traded 256,643 units at $17.86, a loss of 4 cents and Scotia Group with 65,819 shares, closed 6 cents lower at $19.20.
Preference| Eppley 9.5% preference share traded units 12,167 at $6.10, Jamaica Money Market Brokers 8.75% preference share put through 30,000 units at $3.01 and Proven Investments 8% preference share, traded 43,500 units at $5.
Junior Market| The JSE Junior Market Index increased 4.01 points to close at 668.07 as 8 stocks traded with 5 advancing and none declining.
Gains| Stocks recording gains at the end of trading in the junior market are, Blue Power traded 121 units 5 cents higher at $9.05, Dolphin Cove 348 shares closed 30 higher at $8.80, General Accident closed with 239,024 shares and gained 5 cents to $1.50, Lasco Financial 172,400 units, increased 1 cent to 98 cents and Lasco Manufacturing had 16,000 units trading 1 cent higher at $1.02.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, KLE with 127,123 shares at $1 and Lasco Distributors with 32,000 shares changing hands at $1.12.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Trading subdued on TTSE
A mere 52,782 shares changed hands, with a value of $772,586 in trading on the Trinidad Stock Exchange on Thursday. Just 8 securities were active of which 2 advanced, none declined and 6 traded firm.
The Composite Index rose 0.05 points to close at 1,146.51, the All T&T Index advanced by 0.02 points to close at 1,980.19 and the Cross Listed Index increased by 0.01 point to end at 40.95.
Gains| Stocks increasing in price at the close are, Grace Kennedy with 705 shares traded to close cent higher at $3.56 while West Indian Tobacco added 1,295 shares valued at $152,920 increasing by 2 cents to end at $118.10.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 17,276 shares valued at $380,072, remained at $22, First Citizens Bank contributed 1,668 shares with a value of $60,048 to close at $36, Massy Holdings closed with 444 shares at $68.51, National Commercial Bank with 10,000 shares, closed at $1, Prestige Holdings 894 shares closed at $9.50, Sagicor Financial with 20,500 shares changing hands for a value of $128,125 closed at $6.25.
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 4 stocks with offers that were lower.
Sell off of US dollars continues but rate holds
In Wednesday’s forex trading, the Jamaican dollar gained a cent, against the important US dollar, but lost value against the Pound and the Canadian dollar, as authorized dealers sold more foreign currency than they purchased, similar to that on Tuesday. Dealers bought the equivalent of US$30,445,681 versus US$34,338,154 on Tuesday, and sold the equivalent of US$35,474,287 compared with US$40,477,535 on Tuesday.
In US dollar trading, dealers bought US$24,647,857 compared to US$29,935,672 on Tuesday. The buying rate for the US dollar fell 15 cents to $112.23 and US$31,434,012 was sold versus US$37,367,280 on Tuesday, the selling rate dipped by a cent to $112.70. The Canadian dollar buying rate climbed $1.80 to $101.91 with dealers buying C$2,051,326 and selling C$1,735,773 at an average selling rate that rose 65 cents to $102.81.
The rate for theBritish Pound climbed $1.08 to $183.07, for the purchase of £2,375,469, while £1,386,251 was sold, the rate rose by 80 cents to $183.52. Other currencies bought, amounted to the equivalent of US$81,201, while selling was for the equivalent of US$199,594.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $113.10, $91.85 and $117.70 respectively. The lowest selling rate fell by $16.70 to $93.30. The highest buying rate for the Canadian dollar rose 55 cents to $103, the lowest buying rate remained at $80.63. The highest selling rate is down 53 cents to $104.97. The lowest selling rate moved up 45 cents to $97.60. The highest buying rate for the British Pound, rose $1.10 to $184.50, the lowest buying rate gained 95 cents to $146.20. The highest selling rate fell 94 cents to $187.70 and the lowest selling rate fell 15 cents to $176.15.
Advancing stocks in ascendancy in September
Activity on Wednesday on the Jamaica Stock Exchange, resulted in the prices of 8 stocks rising and 5 declining as 25 securities changed hands, resulting in 2,998,340 units trading, valued at $18,427,427. Stocks advancing were in the ascendancy for the second day in a row and continuing a trend since the start of September when there were only three days when declining stocks were just slightly more than advancing ones and in these case the difference was only one stock.
Main Market| The JSE Market Index gained 281.47 points to 72,360.96 and the JSE All Jamaican Composite index rose 314.73 points to close at 79,620.89.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market are, Carreras with 2,800 shares trading and rose 5 cents to $34.65, Grace Kennedy had 34,500 shares changing hands, $2 higher at $61, Jamaica Broilers put through 1,562,540 units with a gain of 15 cents to $4.65, Mayberry Investments had 28,620 units trading to close 10 cents higher at $1.70, National Commercial Bank had 4,600 shares changing hands 5 cents higher at $17.90, Scotia Group added 265,860 units, with the price increasing 11 cents to $19.26 and Supreme Ventures 35,665 shares traded with a gain of 15 cents at $1.95.
Firm| The stocks in the main market to close without a change in price and last traded prices are, Gleaner with 188,597 units to close at $1.05, Jamaica Money Market Brokers 32,015 ordinary shares ended at $6.95, Kingston Wharves 1,252 units traded at $5, Proven Investments with 65,100 share closed at 17.99 US cents, Radio Jamaica with 10,102 shares, closed at $1.04, Sagicor Group with 57,130 shares closed at $9.75 and Scotia Investments had 8,020 units trading at $21.50.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Desnoes & Geddes with 26,200 shares, lost 10 cents to end at $4.70, Jamaica Producers traded just 2,607 units, lost 32 cents to end at $15.08, a new 52 weeks’ low and Sagicor Real Estate Fund with 22,054 shares, closed with a cent loss at $7.11.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 145,700 units at $2 and Proven Investments 8% preference share traded 15,800 at $5.
Junior Market| The JSE Junior Market Index increased 0.36 points to close at 664.06 as 6 stocks traded with 1 advancing and 3 declining.
Gains| The only stock with a gain at the end of trading in the junior market, is Lasco Financial with 254,000 units to gain 2 cents at 97 cents.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Caribbean Producers with 6,145 shares at $2.50 and General Accident 65,000 units at $1.45.
Declines| Stocks declining in the junior market at the end of trading, are Caribbean Cream with 90,000 shares changing hands, lost 1 cent to end at 64 cents, Lasco Distributors with 43,050 shares, the price lost 2 cents to end at $1.12 and Lasco Manufacturing with 30,983 shares closed with a decline of 2 cents at $1.01.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Little change in prices on TTSE
Trading on the Trinidad Stock Exchange resulted in 13 securities changing hands of which 3 advanced, 4 declined and 6 traded firm. A total of 219,305 units changed hands, with a value of $2,848,235.
The Composite Index lost 0.20 points to close at 1,146.46, the All T&T Index fell by 0.06 points to close at 1,980.17 and the Cross Listed Index fell by 0.04 points to end at 40.94.
Gains| Stocks increasing in price at the close are, 
Ansa Merchant Bank trading 145 shares to close with a gain of 1 cent, at $39.34, a new 52 weeks’ high, Massy Holdings traded 1,720 units with a 1 cent gain, to end at $68.51 and West Indian Tobacco increased by 5 cents to $118.08 with 225 shares..
Declines| The stocks declining at the end of trading are Agostini’s with 56,845 shares changing hands, for a value of $980,576 and fell 9 cents to close at $17.25, Flavorite Foods traded 200 units and ended with a loss of 5 cents at $5.70, for a new 52 weeks’ low, National Enterprises with 2,000 units, closed with a loss of 1 cents at $17.75 and Scotia Investments with a volume of 53,155 shares traded for $77,075, lost 5 cents at $1.45.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 41,880 shares valued at $921,360 and remained at $22, while First Citizens Bank traded 7,008 shares and closed at $36, Guardian Holdings added 9,250 shares valued at $124,875 to close at $13.50, National Flour Mills with 355 units closed at $1.30, Republic Bank had 122 units changing hands at $121.73 and Sagicor Financial contributed 46,400 shares with a value of $289,995 at $6.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bids higher than their last selling prices and 5 stocks with offers that were lower.
US dollar sells off but J$ rate holds
In Tuesday’s forex trading, the Jamaican dollar remained stable against the important US dollar, made gains against the Pound and lost value against the Canadian dollar, as authorized dealers sold more foreign currency than they purchased. Dealers bought the equivalent of US$34,338,154 versus US$41,974,274 on Monday, and sold the equivalent of US$40,477,535 compared with US$51,652,857 on Monday. 
In US dollar trading, dealers bought US$29,935,672 compared to US$37,126,539 on Monday. The buying rate for the US dollar inched up 13 cents to $112.38 and US$37,367,280 was sold versus US$48,978,690 on Monday, the selling rate was unchanged at $112.71. The Canadian dollar buying rate dropped 80 cents to $100.11 with dealers buying C$893,359 and selling C$651,352 at an average selling rate that rose 7 cents to $102.16.The rate for the British Pound fell 10 cents to $180.99, for the purchase of £1,922,482, while £1,351,968 was sold, the rate eased by 19 cents to $182.72. Other currencies bought, amounted to the equivalent of US$510,474, while selling was for the equivalent of US$328,233.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $113.10, $91.85 and $117.70 respectively. The lowest selling rate rebound by $18.15 to $110. The highest buying rate for the Canadian dollar rose 35 cents to $102.45, the lowest buying rate fell 34 cents to $80.63. The highest selling rate is up $1.12 to $105.50. The lowest selling rate rose 30 cents to $97.15. The highest buying rate for the British Pound, rose 40 cents to $183.40, the lowest buying rate was unchanged at $145.25. The highest selling rate fell 36 cents to $188.64 and the lowest selling rate is up $1.30 to $176.30.
Jamaica’s inflation up 5% year to August
The inflation rate for Jamaica based on Consumer Price Index was 1.1 percent In August 2014 which is better that the 1.4 percent out turn in July and for the year to August is 5 percent.
This inflation rate for the month was chiefly the result of a 2.7 percent upward movement in the index for the division of Food and Non-Alcoholic Beverages.” The index for the group ‘Food’ increased by 2.8 per cent as production levels of some agricultural crops declined due to the continued drought conditions across the island, This resulted in higher prices for the classes ‘Vegetables and Starchy Foods’ and ‘Fruit’ which rose by 9.8 per cent and 2.6 per cent respectively,” Statin Said in their release on the inflation data.
Advancing stocks beat declining ones 10 to 5
Activity on Tuesday on the Jamaica Stock Exchange, resulted in the prices of 10 stocks rising and 5 declining as 22 securities changed hands, resulting in 2,709,606 units trading, valued at $13,735,300.
Main Market| The JSE Market Index gained 281.11 points to 72,079.49 and the JSE All Jamaican Composite index rose 314.34 points to close at 79,306.16.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market are, Carreras with 36,263 shares trading, with a 10 cents rise to $34.60, Desnoes & Geddes had 300 shares changing hands, 10 cents higher at $4.80, Proven Investments put through 1,000 units with a gain of 0.74 US cents to 17.99 US cents, Sagicor Group had 965,175 shares changing hands at 45 cents higher to $9.75, Sagicor Real Estate Fund with 11,715 units, increased 2 cents to $7.12 and Scotia Group 36,455 shares traded with a gain of 5 cents at $19.15.
Firm| The stocks in the main market to close without a change in price, with volume and last traded prices are, Gleaner with 500 units closed at $1.05, Grace Kennedy 3,348 shares ended at $59, Jamaica Broilers had 2,000 units trading at $4.50, Jamaica Money Market Brokers ordinary share closed with 15,330 shares at $6.95 and Jamaica Producers closed with 500 shares at $15.40.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market are, Kingston Wharves with 24,915 shares, lost 25 cents to end at $5, Mayberry Investments traded just 500 units at $1.60 for a 10 cents loss and National Commercial Bank with only 1,200 shares, closed with a 15 cents loss at $17.85.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 103,000 units, for a cent increase at $3.01.
Junior Market| The JSE Junior Market Index increased 1.54 points to close at 663.70 as 7 stocks traded with 3 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market are, Caribbean Producers traded 3,855 units with a gain of 14 cents to $2.50, Consolidated Bakeries with 910,840 units, closed 5 cents higher at 85 cents and Lasco Distributors had 177,798 units trading with a 1 cent gain at $1.14.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Caribbean Cream traded 22,760 shares at 65 cents and General Accident 320,000 units at $1.45.
Declines| Stocks declining in the junior market at the end of trading, are Lasco Financial with 37,000 shares changing hands lost 3 cents to end at 95 cents and Lasco Manufacturing with 35,152 shares 1 cents to end at $1.03.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
