FX: Rates down except US$ selling

January 20, 2014 by

Monday, 20th January 2014 | The level of buying foreign currencies fell to the equivalent of US$27,722,521 and the amount sold jumped to the equivalent of US$46,826,793 but all the spot rates for the three main currencies declined versus the Jamaican dollar but for the selling rate of the US dollar.

In individual currency trades, US$23,049,066 was bought by dealers for 30 cents less than on Friday at $105.95 but they sold over $20 million more than they bought at a rate that was 3 cents higher than on Friday to end at $106.90 as US$43,389,210 was sold.

The Canadian dollar lost value against the Jamaican dollar as the rate slipped by 14 cents to end at $95.70 with the purchase of $1,655,657 and selling C$936,737 at $97.41 for a 32 cent drop.

FX_TRADE+Currency+Jan20£1,748,278 was purchased at $173.85 each or 26 cents cheaper than on Friday and selling amounted to £1,444,590 at a rate that was 93 cents less to end at $176.52. Other currencies purchased amounted to the equivalent of US$309,237 with US$198,429 sold.

Highs & Lows | The highest buying rate for the US dollar increased by 5 cents to end at $107.90 and the lowest buying rate increased by 25 cents to close at $87.26. The highest selling rate closed at $111.82 for a $2.09 increase and the low fell to $87.26 and was off by $15.34.

FX_TRADE+HighLow+Jan20The highest buying rate for the Canadian dollar fell by $6.75 to end at $98.30 but there was no change to the lowest buying rate of $77.85 or the highest selling rate of $101 but the low rose by 30 cents to $94.10.

The highest buying rate for the British pound was $177.65 for a 10 cents increase. The lowest buying rate climbed 79 cents to $141.60. The highest selling rate moved up by 36 cents to $179.13 and the low gained 95 cents to end at $170.60.

Filed Under: FX Market, Stock Market Tagged With: , ,

JSE: Market down on low volume

January 20, 2014 by

Monday, 20th January 2014 | The main market of the Jamaica Stock Exchange lost ground on the opening trading day of the week as 7 stocks fell in price and 5 increased. There was trading of 1,099,361 units with a value of $10,294,466 with Scotia Group saving the day with 429,788 shares valued at $8.6 million as the price closed at $20.50 and was off by 46 cents.

The JSE Market Index declined by 303.53 points to close at 79,619.38, the JSE All Jamaican Composite lost 460.42 points to end at 80,747.32 while the JSE Junior Market Index put on 1.07 points to close at 796.06.

Main Market | In main market, the main movers for the day was Cable & Wireless with 343,445 shares closing down a cent at 18 cents; Caribbean Cement with only 2,000 units to close at $3.70 for a 29 cents gain; Carreras 4,980 units to close down 50 cents at $36; Desnoes & Geddes 21,374 shares, the price closed up 12 cents to $5.10; Jamaica Broilers 39,383 units at $4.71, down 29 cents; Jamaica Money Market Brokers 41,734 shares to closed unchanged at $7.50; Sagicor Real Estate X Fund 7,707 units closing firm at $6.50 and Supreme Ventures 16,400 shares for a 10 cents gain to end at $2.50.

JSEIndicesJan20Junior Market | The main stocks trading were Access Financial Services with 11400 shares to close at $11, down $1; Blue Power 9,830 units as the price remained unchanged at $9.50; Caribbean Producers 75,700 units to close unchanged at $2.75; Lasco Distributors 11,995 shares unchanged at $1.45; Lasco Financial Services 50,000 unchanged at $1.35 and Lasco Manufacturing 22,000 units at $1.40 up 15 cents.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than the last selling prices and 3 stocks with offers that were lower. The junior market has 6 of the stocks closing with bids higher than the last closing price and only 1 with a lower offer.

Filed Under: JSE Main Market, Stock Market Tagged With: , ,

TTSE: Small price changes greet week

January 20, 2014 by

Monday, 20th January 2014 | Trading on the Trinidad market started the week on a winning note with 10 securities changing hands of which 2 advanced, 1 declined and 7 traded firm. A volume of 265,019 shares changed hands with a value of $4,800,010 by the end of trading. Neal & Massy and First Citizens Bank closed at 52 weeks high.

The Composite Index advanced by 0.16 points to 1,196.37, the all T&T Index gained 0.32 points to close at 2,018.87 and the Cross Listed Index remained unchanged at 49.14.

Stocks gaining | First Citizens had volume of 54,628 shares traded for $2,348,347 with the price ending up 3 cents at $43 another all-time closing high; National Enterprises contributed 25,000 shares with a value of $450,142, the price inched up a cent to $18.01; Neal & Massy close up 3 cents at $63.03 with very small volume trading.

Stocks that fell | Prestige Holdings was the only declining stock with 2,988 shares changing ownership at $9.40, down 4 cents from the final price on Friday.

TTSEJan20Stocks trading firm | Grace Kennedy added 12,500 shares valued at $46,250 closing at $3.70; Trinidad Cement swapped 90,613 shares at $2.30 with a value of $208,410; Clico Investment Fund traded unchanged at $22.50 with 71,953 shares valued at $1,618,943.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than the last selling prices and 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: , ,

FX: Better UK retail sales push pound

January 17, 2014 by
Add your HTML code here...

Friday, 17th January 2014 | In forex trading. the British Pound gained considerably against most major international currencies as retail sales in the UK was reported to be very strong compared to estimates for December coming in at a 5.2 percent increase compared to an estimate of 2.5 percent. The Pound shot up immediately on the announcement.

The Canadian dollar on the other hand is suffering from concerns that a drop in employment reported for December and other signs of weakness in economic data will probably lead to lower interest rates to help boost the economy. These developments were visible in local currency trading on Friday.

The Jamaican dollar make up ground on the Canadian dollar but slipped in value against the British Pound and the US dollar on a day that saw more buying of USA and Canadian dollars than the amount sold but more selling of the Pound than the quantity bought.

Trading picked with more currencies bought than on Thursday with the equivalent of US$32,338,697 being purchased by dealers versus US$32,877,488 being sold.

FX_TRADE+Currency+Jan17There was buying of US$28,020,320 by dealers at an average rate of $106.24 an increase of 23 cents and selling of US$27,638,881 with the rate increasing by 4 cents to $106.87. The Canadian dollar rate eased by 22 cents to end at $95.83 as dealers bought C$932,300 and sold C$622,107 at $97.73 for a 31 cents fall and the British Pound rate climbed by $2.19 to hit $174.11 as dealers bought £1,479,640 and sold £2,242,811 at $177.46 as the rate closed up by $2.26.

Other currencies trading picked up considerably over Thursday’s level of the equivalent of US$194,967 purchased to US$1,052,638 on Friday and selling of US$945,591 compared to US$173,291 sold on Thursday.

Highs & Lows | The highest buying rate for the US dollar closed at $107.85, up 35 cents for the day and the lowest buying rate remained unchanged at $87.01. The highest selling rate dropped by $1.76 to close at $109.73 and the low fell by $1.30, the same amount it increased by the day before to close at $102.60.

The highest buying rate for the Canadian dollar jumped big on Friday by $6.60 to end at $105.05, while the low closed unchanged at $77.85 as well the highest selling rate at $101 and the lowest selling rate of $93.80.

FX_TRADE+HighLow+Jan17The highest buying rate for the British Pound ended at $177.55, an increase of $1.85, the low was unchanged at $140.81. The highest selling rate gained by 64 cents to end at $178.77 and the low jumped by $25.45 to close at $169.65.

Image courtesy of Marcus/FreeDigitalPhotos.net

Filed Under: FX Market, Stock Market Tagged With: , ,

JSE: Lousy trading to end week

January 17, 2014 by

Friday, 17th January 2014 | Only 21 securities traded on the Jamaica Stock Exchange on the last day of the week accounting for a total of 1,644,332 shares with a value of only $2,481,056. Trading concluded with 6 stocks up and 4 down. So bad were things that at one stage after mid-day, only one stock traded in the main market.

The JSE Market Index declined by 304.69 points to close at 79,922.91, the JSE All Jamaican Composite fell 462.19 points to 81,207.74 and the JSE Junior Market Index advanced by 3.15 points to end at 794.99.

Main market trades | The major traded stocks in the main market include Cable & Wireless with 1,029,000 units at 19 cents; Jamaica Producers Group 27,972 units to close at $18.76; National Commercial Bank only 7,270 units but the price closed up 15 cents at $18; Sagicor Group 18,955 units at $8.50; Scotia Group 10,871 units at $20.96, up 91 cents; Scotia Investments only 3,660 units but the price moved up $1.50 to $26.50.

In the preference section, Jamaica Money Market Brokers 7.50% traded 50,000 unchanged at $2 and the 8.75% shares traded 67,600 to close unchanged at $3.

JSEIndicesJan17Junior Market | Most of the trading activity in the morning hours were concentrated around junior market stocks and resulted in Consolidated Bakeries trading 40,900 units at $1.15, down 5 cents; Dolphin Cove 21,470 units at $9; General Accident Insurance 61,000 units at $1.89; Lasco Distributors 137,800 units at $1.45; Lasco Financial Services 77,300 units at $1.35, up 4 cents and Lasco Manufacturing 75,166 units at $1.25, down 5 cents.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market Tagged With: , ,

TTSE: Market up with 3 new highs

January 17, 2014 by

Friday, 17th January 2014 | The Trinidad Stock Market closed the week with 13 securities changing hands of which 3 advanced, none declined and 10 traded firm. Trading resulted in 604,185 shares with a value of $12,669,080.

The Composite Index advanced by 0.65 points to close at 1,196.21, the All T&T Index gained 1.31 points to finish the day at 2,018.55 and the Cross Listed Index remained unchanged at 49.14.

Winners | Stocks closing with gains include First Citizens Bank with 48,548 shares valued at $2,086,339, the price closed up 11 cents at $42.97 for another all-time closing high. Neal & Massy put on 38 cents to end the day at $63.01 while trading 4,862 units, another 52 weeks high. Scotiabank with a volume of 92,667 shares being traded for $6,775,811 the stock closed at a new 52 weeks high of $73.12 up 2 cents.

TTSEJan17Firm traders | While there were no stocks to close lower than the last sale price from the day before, a number traded without any price change. These include Grace Kennedy with 304,374 shares to close at $3.70, for a value of $1,126,184; National Enterprises 51,660 shares to close at $18 with a value of $929,880; Prestige Holdings, 3,150 shares to close at $9.44; Trinidad Cement 25,801 units at $2.30; Sagicor Financial 10,708 units at $7.30; Scotia Investments 3,951 shares at $1.43.

Clico Investment Fund traded 55,393 shares valued at $1,246,343, the price remained unchanged at $22.50.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than the last selling prices and 3 stocks with offers lower.

Filed Under: Stock Market, TTSE Market Tagged With: , ,

Interest rate eases

January 17, 2014 by

Rates on the most recent Treasury Bills fell in the latest offering by the Government of Jamaica.

The rate for the January Treasury bill came out at 6.12 percent compared to 6.2522 percent in December. Investors on Wednesday, 15 January, applied to purchase $400 million 30 days Government of Jamaica Treasury Bills dated Friday, 17 January 2014. This resulted in the average yield of 6.11877 percent. However, yield went as high as 6.29577 percent. A total of $567,065,100 was submitted by applicants in their bid to obtain the instruments.

Related post | T-bill rates mixed at auction

Filed Under: Economy Tagged With: , , ,

C2W Music receives US$21K income

January 17, 2014 by

C2W Music, which has earned virtually no income since it raised funds in an IPO in 2012 is reporting what appears to be a breakthrough in the last quarter of 2013 with royalty collections.

According to the company in a recent release to the stock exchange, “We are proud to announce that during the 4th quarter of 2013, we have started to see royalty driven earnings deriving out of Barbados. These earnings have come out of the exploitation of copyrights and more specifically have been earned through the “Performing Right” collections of radio broadcast. The amount received thus far totalled USD$20,643.”

C2WMusiclogo2“We would also like to add, and as mentioned in a previous press release, that we continue to work closely with all Caribbean performing rights societies in creating proper integration of our systems to show an accurate collection of our royalties from the territory. Other than our own music catalogue, we sub-publish two of the world’s largest music publishers, BMG Chrysalis and Warner Chappell. We are hopeful that our collective efforts would be recognized by the 2nd quarter of 2014 and onwards, resulting in more royalty collections,” a release from the company said.

Related posts | C2W says it’s not dead | Is C2W doomed?

 

Filed Under: Company News, General Business News Tagged With: ,

FX: US$ bought as high as J$111.49

January 16, 2014 by

Thursday, 16th January 2014 | Trading in United States currency resulted in US$18,717,231 bought at a 4 cents increase to $106.02 and US$22,309,751 was sold at $106.83 for a 7 cents increase. But the coveted currency was bought by end users as high as $111.49. There was buying of C$959,746 at $96.06 for a fall of 22 cents and selling of C$511,228 at $98.03, which was down by 57 cents. Purchases took place for £864,483 with the rate falling by $1.99 to $171.92 and £560,854 was sold at $175.20, a decline of 75 cents.

Other currencies traded amount to the equivalent of US$194,967 being purchased and selling of US$173,291. Overall the total amount of foreign currencies bought came to the equivalent of US$21,183,611 and US$23,871,986 was sold.

FX_TRADE+Currency+Jan16Highs & Lows | The highest buying rate for the US dollar closed at $107.50 and the lowest buying rate at $87.01 as both remained unchanged at the end of trading. The highest selling rate jumped by $2.08 to close at $111.49 and the low jumped $1.30 to $103.90.

The highest buying rate for the Canadian dollar ended at $98.45, a 15 cents decrease, while the low closed down 46 cents at $77.85. The highest selling rate decreased by 50 cents at $101 and the lowest closed down 30 cents at $93.80 and continues to reflect Canadian economic weakness, which is seen in the fall in the value of the currency worldwide.

FX_TRADE+HighLow+Jan16The highest buying rate for the British Pound ended at $175.70, a decline of $1.05, the low was up by 54 cents to $140.81. The highest selling rate declined by 34 cents to end at $178.13 and the low dropped by $25.60 to close at $144.20.

Filed Under: FX Market, Stock Market Tagged With: , ,

JSE: Scotia Group dominates trading

January 16, 2014 by

Thursday, 16th January 2014 | There was trading in 6,155,581 shares on the JSE with a value of $119,874,816 on a day when 10 stocks advanced in price 8 declined and 11 remained unchanged at the end of trading. While trading levels were up and well above that of a recent typical day, Scotia Group accounted of 4.1 million units at $20.80 with a value of $85.3 million, amounts that are above recent norms. NCB Capital was the selling broker for 3.963 million units with First Global buying them on behalf of clients.

All indices with activity posted gains with the JSE Market Index moving up by 386.64 points to close at 80,227.60, the JSE All Jamaican Composite gained 586.50 points to end at 81,669.93 and the JSE Junior Market Index advancing 1.90 points to 791.84.

Main Market | Activity in the main market saw the leading traded stocks being Cable & Wireless having 256,073 units and closed at 19 cents; Carreras 6,925 units to close at $36.50 for a $1.50 decline; Desnoes & Geddes 11,300 units to close at $4.98; Grace Kennedy with 502,300 units closing firm at $56; Jamaica Broilers with 63,553 shares at $5, up by 20 cents; Jamaica Money Market Brokers with 22,797 units, closing firm at $7.50; Mayberry Investments 52,568 shares, unchanged at $2; National Commercial Bank 38,398 units at $17.85, up by 35 cents; Sagicor Real Estate X Fund, 11,732 shares unchanged at $6.50; Scotia Group 4,106,920 units and closed at $20.05 off by 75 cents, with the bulk of trading at $20.80; Seprod 12,072 shares to close down by $1.90 at $10.80; Supreme Ventures 10,000 units, ending at $2.40, down by 11 cents and Proven Investments with 87,000 ordinary shares changing hands at US13.3 cents.

Two stocks traded in the preference section, Jamaica Money Market Brokers 8.75% with 55,340 units at $3 and Proven Investments 8% 173,000 shares at $5.08, slipping by a cent.

JSEIndicesJan16Junior Market | There was fair amount of trading in the junior market as the index continues to accumulate gains. In today’s trading Blue Power lost 50 cents as 40,000 shares traded at $9.50; Caribbean Producers continues in demand and posted 343,997 units to close unchanged at $2.75 but traded as high as $2.80; Cargo Handlers traded 17,000 shares and gained 10 cents at $13.60; Consolidated Bakeries exchanged 14,200 units to close up by 5 cents at $1.20; Lasco Distributors posted 20,000 shares and closed firm at $1.45; Lasco Financial Services traded 52,000 units at $1.31; Lasco Manufacturing traded 32,435 units at $1.30 and Medical Disposables & Supplies traded 212,289 units at $1.98.

IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market Tagged With: , ,
kmspico.blog