Italy scored first from a scorching long kick that completely eluded the keeper to be followed later by England that came from a cross from Wayne Romney and was slambed in the Goal to Daniel Sturridge just before the half time of another entertaining 2014 world cup match.
Claudio Marchisio scored first for Italy and Barotelli scored the second Italian goal in the second half.
Italy 2,England 1
June 14, 2014 by
Costa Rica 3, Uruguay 1
June 14, 2014 by
Costa Rica had the better of play in their group D world cup match against the South American Uruguay. After they stupidly gave away a penalty by pulling down one of the Uruguaian players in the penalty area, they now lead 3-1 with three excellent goals, with the last minutes from the end thus putting paid to any hope Uruguay had of winning the match. Campbell was the star for Costa Rica in scoring the first goal for his country.
Things got worse for Uruguay in the dying moments from the end with a Uruguay player being red carded, the first of this year world cup.
Ghana stocks up for week
June 13, 2014 by
strong>Stocks on the Ghana Stock Exchange ended the week higher than at the close of the previous week but the week closed with only 4 stocks rising to 9 declining. 11.4 million shares traded during the week, with Monday enjoying the highest volume with 8.1 million units and Friday with 1.8 million units.
The GSE Composite Index closed the week higher at 2,358.73 compared with 2,362.67, the Ghana Stock exchange financial services index closed at 2,099.80 up from 2,066.58. For the year to date the GSE Composite Index is up 9.94 percent and the GSE financial index 17.5 percent.
Enterprise Group lost 30 percent during the week to close at GH¢1.85, Ghana Oil Company gained 11 percent and HFC Bank 10 percent.
J$111.55 to US$, inflows exceed outflows
June 13, 2014 by
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The local dollar lost value yet again on Friday even as inflows far outnumbered outflows with $39.8 million bought to only $25.3 million sold. The Jamaican dollar slipped 5 cents against the US dollar to push the selling rate to $111.55, the selling rate for the Canadian Dollar gained 6 cents to close at $102.45 and the Pound sterling closed at $188.37 with an increase of 88 cents.
A total of the equivalent of only US$39,803,642 entered the market with the equivalent of S$25,324,698 leaving. On Thursday dealers bought the equivalent of US$23,283,938 and they sold the equivalent of US$26,565,251 sold.
In US dollar trading, dealers bought US$33,708,870 compared to US$17,549,276 on Thursday as the buying rate for the US dollar rose 18 cents to $111.03 and sold US$23,139,314 versus US$21,696,188 on Thursday with the rate closing up 5 cents to $111.55.
The Canadian dollar buying rate fell $1.21 to end at $100.26 with dealers buying C$807,533 and selling C$432,370 with the rate rising 6 cents to end at $102.45.
The Pound closed at $186.47, for the purchase of £3,118,427 as the rate gained 24 cents, while £963,002 was sold, with the rate climbing 88 cents to $188.37. Other currencies bought, amounted to the equivalent of only US$128,416 while selling accounted for the equivalent of just $162,143.
Highs & Lows| The highest rate gained 8 cents to $111.78 but the lowest buying rate along with the highest selling for the US dollar remained unchanged at $90.60 and $116.09 respectively. The lowest buying rate was up 40 cents to $108.50.
The highest buying rate for the Canadian dollar fell 20 cents to $102.60, the lowest buying rate climbed 33 cents to $81.09, the highest selling rate was up 5 cents to $104.59 and lowest selling rate was up by a mere 5 cents to $97.75.
The highest buying rate for the Pound gained $1.25 to $189.10 while the lowest buying rate rose 42 cents to $149.82. The highest selling rate rose by 54 cents to $193.14 and the lowest selling rate was up 50 cents to $180.50.
Chile 3, Aussie 1
June 13, 2014 by
Chile completed an entertaining world cup football match with a 3 to 1 victory over Australia seconds ago. Chile is now second in the group behind Holland who clobbered Spain 5 goals to 1.
Holland demolishes Spain 5-1
June 13, 2014 by
The Spanish team came in as favourites for their world cup match up with the Dutchmen, but the Dutch have demolished the last world cup winner in a second half display that few people saw. With 10 minutes of the second haft left to be played, Holland has torn up the scrip and surged ahead 5 goals to 1 and now seem very unlikely to lose this match.
D&G dominates trade as JSE gains
June 13, 2014 by
There was trading in 25 securities on the Jamaica Stock Exchange with 7 rising and 4 declining as 3,530,162 units changed hands valued at $40,444,650 on Friday with Desnoes & Geddes being the dominant trade with 1.99 million units valued at $9.1 million.Main Market| The JSE Market Index advanced by 164.38 points to close at 70,496.64, the JSE All Jamaican Composite gained 183.80 points to 77,536.24 and only 3 companies in the main market advanced in price and 3 declined.
Gains| Stocks recording gains at the end of trading in the main market are Desnoes & Geddes with 1,986,182 shares changing hands to close with a gain of 35 cents at $4.60, Cable & Wireless with 8,199 units to close with the gain of a cent at 28 cents and Sagicor Real Estate Fund 14,690 shares, in closing 2 cents higher at $6.10.
Firm| The stocks in the main market to close without a change in price are, Berger Paints with 4,890 units in closing at $1.70, Ciboney with 60,000 units and closed at 7 cents, Grace Kennedy had 449,339 units changing hands to close at $54, Jamaica Broilers 25,474 shares and closed at $4.57, Jamaica Money Market Brokers with 41,722 ordinary shares closed at $6.50, Kingston Wharves with 10,000 units, closed at $5.05, Sagicor Group 17,540 shares to close at $9.10, Salada Foods, 5,885 units and closed at $8, Scotia Group saw 156,453 units trading to end at $19.30 and Supreme Ventures 58,900 units landed the closing price at $1.95.
Declines| The number of stocks that declined in the main market are Jamaica Producers with 923 shares changing hands, in closing 20 cents lower at $17, National Commercial Bank having 90,950 shares in closing at $1.48 down to $17 and Scotia Investments with 6,520 shares closing at $24 for a fall of $1.50.
Preference| Jamaica Money Market Brokers (JMMB) 7.50% preference shares traded 78,844 units to close unchanged at $2, JMMB 7.25% preference shares had 141,150 units changing hands to close 5 cents up at $2.50 and JMMB 8.50% preference shares traded 17,000 units to close with a gain of 1 cent at $3.51.
Junior Market| The JSE Junior Market Index inched up by 1.58 points to close at 715.42 as 6 stocks traded with 2 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market are Lasco Distributors with 46,700 shares to close at $1.21 with a gain of 3 cents and Lasco Manufacturing with 21,823 shares to close 1 cent higher at $1.05.
Firm Trades| The stocks in the junior market stocks that traded and closed at the same price as the previous trading day are Caribbean Producers with 76,978 units, closing at $2.65, Consolidated Bakeries 10,000 at 90 cents and Lasco Financial with 50,000 units in closing at $1.15.
Declines| Only one stocks declined in the junior market at the end of trading with Jamaican Teas having 150,000 shares changing hands to close 25 cents down at $3.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
Ana Merchant Bank & Unilever at new highs
June 13, 2014 by
Trading levels on the Trinidad stock market was moderate on Friday with 12 securities changing hands of which 3 advanced 2 declined and 7 traded firm with only 67,885 units changing hands with a value of $992,513. Two new 52 weeks high were reached at the end of trading.
The Composite Index rose 0.21 points to close at 1,183.01, the All T&T Index edged up by just 0.35 points to close at 2,030.80 and the Cross Listed Index barely move up by 0.01 points to end at 43.92.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank traded 500 shares to close 2 cents higher at $39.02, a new 52 weeks high, Scotia Investments rising by a cents to close at $1.56 in trading 3,700 units and Unilever Caribbean enjoyed a gain of 70 cents to end the day at $62 while trading just 500 shares, for a new 52 weeks high
Declines| The stocks declining at the end of trading are First Citizens Bank with 127 shares traded to close down 2 cents at $37.47 and West Indian Tobacco traded 166 units to close 8 cents lower at $118.07.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA McAL with 1,646 units closed at $66.29, Clico Investment Fund traded 25,000 shares valued at $537,500 remained at $21.50, Guardian Holdings was the volume leader with 10,522 shares changing hands for a value of $155,200 to close at $14.75, while Grace Kennedy traded 1,000 units to close at $3.45, Jamaica Money Market Brokers added 4,724 shares valued at $2,126 to close at 45 cents, National Commercial Bank with 10,000 shares traded for $10,500 closed at $1.0500 and Prestige Holdings contributed 10,000 shares with a value of $94,001 to end at $9.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower.
Mexico 1 Cameroon nil
June 13, 2014 by
Mexico won their first encounter with the African nation Cameroon by 1 goal to nil in poring rain to be the second leader in the group, with Brazil leading having scored more goals for a better net score.
40 minutes world cup loss damages JPS image
June 13, 2014 by
As if its public image was not already low JPS did more damage to it today with a massive power outage at the start of the popular world cup series and amidst a near 100 degree hot a muggy temperature. Football enthusiasts who rely on television for the viewership of their sports were deprived of catching the start of the world cup match between Mexico and Cameroon which started at 11 Jamaica time. The outage could hardly have been at a worse time for them, especially at a time when they have mouthed the thought of getting the permission to supply the additional amount of new electrical power to the system.
While government is trying to get third parties to set up a new power plant to feed into the JPS grid, JPS would not have done themselves much favour if what would appear to be the logical decision of allowing them to add the needed supply to the grid. What has not been said in the saga of getting cheaper power to consumers of electricity is, with JPS already having the overheads for supplying the current and near term needs, switching to a new supplier of power generation will not provide the best cost option as two sets of overhead cost will have to be borne by consumers, plus the profit margin of a separate supplier as well as additional mark up the JPS will effect for transmitting the supply. So consumers will be hit with double cost and double profits.
But JPS should have been performing better than they have. But clearly government ministers have not been thinking properly being 20 percent owners in JPS. Have anyone thought about the effect that by passing JPS for power generation will have on the 20 percent stake owned by taxpayers through the government, if that been considered seriously no one is telling the country?
While the government is focusing on new supply to deliver cheaper power,
