Trade Sheet: Friday August 25, 2017
1834 reports 16% increase in THREE months Net Profit
1834 Investments Limited (1834) For the three months ended June 30, 2017 Revenue for the first quarter of the 2017 financial year declined by 31% to $11.15 million (2016: $16.22 million). Other operating income increased significantly in the first quarter of 2017 to $74.54 million. This compares to the prior year’s period figure of $16.94
LASF: Trade In Shares
Lasco Financial Services Limited (LASF) has advised that a connected party purchased a total of 12,085,992 LASF shares during the period August 22 to 23, 2017.
MIL: Trade In Shares
Mayberry Investments Limited (MIL) has advised that a connected party purchased 8,500 MIL shares on August 24, 2017.
BOJ reduces policy interest rate
Effective today, August 25, 2017, The Bank of Jamaica (BOJ) has advised the public of a reduction in its policy interest rate by 25 basis point from 3.75% to 3.50%. The rate is offered on overnight placements with the Bank. This amendment according to the BOJ, “reflects the Bank’s assessment that inflation will be within
Daily Market Summary – August 25, 2017
Please click below to view today’s Daily Market Summary. Daily Market Summary 25.08.17 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information
Overseas Headlines – August 25, 2017
U.S. Rise in U.S. business spending bolsters economic outlook New orders for key U.S.-made capital goods rose slightly more than expected in July and shipments surged, pointing to an acceleration in business spending early in the third quarter. The Commerce Department’s upbeat report on Friday also suggested the economy continued to gather momentum after growth
Bank of Jamaica Reduces Policy Interest Rate
Bank of Jamaica announces that, with effect from 25 August 2017, the rate offered on overnight placements with the Bank, the policy interest rate, will be reduced to 3.50 per cent from 3.75 per cent. The adjustment to the policy rate reflects the Bank’s assessment that inflation will be within BOJ’s inflation target of 4.0
Daily Market Summary – August 24, 2017
Please click below to view today’s Daily Market Summary. Daily Market Summary 24.08.17 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information