Juniors retreat in resistance zone

May 18, 2017 by

Junior Market stocks closed lower on Thursday.

The Junior Market of the Jamaica Stock Exchange broke the record run on Thursday by falling 42.14 points to close at 3,326.84. Trading levels were slightly above Wednesday’s, with both volume and values being higher.
At the close of the market, the number of securities trading, ended at 24 compared to 22 on Wednesday with 6 advancing and 9 declining. Overall, 2,279,741 units valued at $11,894,079 changed hands, compared to 1,425,514 units valued at $10,043,460 on Wednesday. Trading ended with 8 stocks having bids higher than their last sale prices and 1 with a lower offer.
The Junior Market ended trading with an average of 94,989 units for an average value of $495,587, compared to of 64,796 units for an average value of $456,521, on the previous trading day. The average volume and value for the month to date are 89,129 units and $593,116 while at the close of the prior day, 88,678 units and $600,619. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging lost 15 cents and ended at $5 with 9,307 units changing hands, Blue Power jumped $6 to close at $45 with 1,000 units changing hands, CAC 2000 had 2,700 shares changing hands, to close with a rise of 20 cents at $7.50, Caribbean Cream closed trading with 2,200 units and gained $1.19 to end at $8.49, Cargo Handlers ended trading with 4,850 shares changing hands at $20, Caribbean Flavours fell $1.54 in trading 20,517 shares at $12.01, Caribbean Producers ended at $3.85 with 1,300,064 shares trading, C2W Music had 5,501 units changing hands to close at 45 cents, Consolidated Bakeries lost 3 cents in trading 60,000 shares to close at $2.47, Derrimon Trading ended at $8.50 with 9,762 shares changing hands, General Accident closed trading with 7,315 shares at $3.05, Honey Bun ended with a loss of 20 cents as 14,564 shares changed hands at $7.80, ISP Finance shed $5 to end $30 with 6,230 units changing hands. Jamaican Teasfell 25 cents and closed trading with 56,292 shares, at $4.70. Jetcon Corporation ended at $15 with 176,803 shares trading, KLE Group rose 25 cents and ended at $3 with 1,000 shares changing hands, Knutsford Express closed with 980 shares trading at $68. Lasco Distributors ended with 1,620 units trading with a rise of 70 cents to $7.70, Lasco Financial fell 65 cents and ended with 51,310 shares changing hands at $4.25, Lasco Manufacturing closed at $5.25 while trading 67,904, shares, Main Event ended trading of 217,826 shares at $6.85, Medical Disposables lost 10 cents and ended at $5.70 with 32,900 units trading,Paramount Trading rose 7 cents and ended with 219,523 shares changing hands at $3.05 and tTech ended with 9,573 units changing hands at $7.45 after falling 5 cents.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

6 consecutive records for Jamaican stocks

May 17, 2017 by

The Jamaica Stock Exchange main market hit a new close on Wednesday.

The main market of the Jamaica Stock Exchange ended at another record close on Wednesday with the all Jamaica composite Index rising 776 points to 6 consecutive days of record close.
The market closed with 27 securities changing hands, including 3 trading in the US dollar market. At the close, 9 stocks advanced and 8 declined.
Trading levels in the main market ended at 2,091,191 units valued at $25,621,686 compared to 4,295,095 units valued at $1,350,559,147 on Friday. Trading in the US dollar market accounted for 22,705 units valued at US$10,242.
The All Jamaica Composite Index rose 776.19 points to close at 264,248.13, still below the 265,287.63 points reached during the morning session on Tuesday. The JSE Market Index climbed 707.19 points to finish at 240,759.97 and the JSE US dollar market index remained at 218.77 points.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 86,187 units valued at $1,067,570 per security traded, compared to an average of 4,295,095 units valued at $50,020,709 on Tuesday. The average volume and value for the month to date ended at 559,541 units with an average value of $7,597,279, compare with an average of 606,876 units and $8,250,250 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Barita Investments traded 83,620 shares at $7, Berger Paints lost 10 cents to close at $23.50, with an exchange of 18,764 shares, Cable and Wireless closed at $1.40, with 792,421 shares changing hands, Caribbean Cement traded 50 cents higher to close at $29.50 while exchanging 8,389 units. Carreras added $1 to close at $83 trading 17,981 shares, Grace Kennedy closed at $43, with gains of 60 cents exchanging 16,088 units, Jamaica Broilers closed at $20, with trades of 34,502 shares, Jamaica Producers closed 41 cents lower to $15.99, with 68,329 shares changing owners, Jamaica Stock Exchange gained 45 cents to close at $7.50 trading 74,702 shares. JMMB Group closed at $20.01, losing 99 cents, trading of 88,264 units, Kingston Wharves traded 48 cents higher to close at $31.49, with an exchange of 107,651 units, NCB Financial Group closed at $72, with a 1 cent gain after trading 130,222 shares, 1834 Investments traded 4 cents lower to close at $1.80, with an exchange of 2,089 shares, 138 Student Living traded 15,685 shares at $4.49, PanJam Investment closed at $35.55, with trades of 5,346 shares. Pulse Investments closed at $14.40, with gains of 40 cents as 11,463 shares were exchanged, Radio Jamaica closed at $1.66, losing 4 cents trading 132,912 shares, Sagicor Group gained 50 cents to close at $33.50, with trades of 17,041 shares, Sagicor Real Estate Fund closed at $11.05 and lost 14 cents exchanging 6,683 units, Scotia Group closed at $42, with 14,663 units changing hands, Seprod traded 25,000 shares at $35, Sterling Investments lost 15 cents to close at $16.75 with an exchange of 1,000 shares, Supreme Ventures lost 1 cent to close at $7.49, with trades of 151,466 shares. Margaritaville Turks closed at 34 US cents with 10,821 units traded, Proven Investments closed at 29 US cents trading 8,084 ordinary shares, JMMB Group 6% US preference share closed at US$1.10 with trades of 3,800 units and JMMB Group 7.5% preference share closed at $1.10, with 244,205 units changing hands.

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

Another record close for Juniors -Wednesday

May 17, 2017 by

I$P Finance hits a new high of $35 on Wednesday up 1,650% since listing last year March.

The Junior Market of the Jamaica Stock Exchange logged another record close on Wednesday but with a modest rise of just 9.84 points to a record close of 3,368.98 with gains of 29.9 percent for 2017 to date. Trading levels were down sharply again compared to Tuesday’s levels.
At the close of the market, the number of securities trading, ended at 22 compared to 23 on Tuesday with 7 advancing and 10 declining. Overall, 1,425,514 units valued at $10,043,460 changed hands, compared to 3,285,925 units valued at $19,269,876 on Tuesday. Trading ended with 7 stocks having bids higher than their last sale prices and 6 with lower offers. Just one stocks ended trading at new closing high at the end of trading.
The Junior Market ended trading with an average of 64,796 units for an average value of $456,521, compared to 142,866 units for an average value of $837,821, on the previous trading day. The average volume and value for the month to date are 88,678 units and $600,619 while at the close of the prior day, 90,668 units and $612,627. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging ended at $5.15 with 20,440 units changing hands, CAC 2000 had 7,000 changing hands, to close with a rise of 30 cents at $7.30, Cargo Handlers ended trading with 7,140 shares changing hands at $20, Caribbean Flavours jumped $2.55 in trading 2,000 shares at $13.55, Caribbean Producers lost 15 cents and ended at $3.85 with 133,000, shares trading, C2W Music had 11,819 units changing hands to close at 45 cents, Derrimon Trading climbed $1 and ended at $8.50 with 25,238 shares changing hands, General Accident fell 4 cents and closed trading with 224,750 shares at $3.05, Honey Bun ended with 182,930 shares changing hands at $8, after rising 25 cents, Iron Rock Insurance traded 10,000 shares to end at $3.15, after falling by 25 cents, ISP Finance climbed $5 to end at fresh new high of $35 with 28,000 units changing hands, the stock was offered at $30 at the close to sell 25,000 units. Jamaican Teasclosed trading with 23,550 shares, at $4.95. Jetcon Corporation ended at $15 with 66,619 shares trading, Key Insurance traded 60,624 units to close at $2.80 after falling 25 cents, KLE Group rose 5 cents and ended at $2.75 with 3,000 shares changing hands, Knutsford Express jumped $2.95 and closed with 14,922 shares trading at $68. Lasco Distributors ended with 205,484 units trading with a fall of 49 cents at $7, Lasco Financial fell 10 cents and ended with 16,326 shares changing hands at $4.90, Lasco Manufacturing fell 55 cents and closed at $5.25 while trading 93,330, shares, Main Event lost 15 cents and ended trading 63,583 shares at $6.85, Medical Disposables lost 20 cents and ended at $5.80 with 147,855 units trading,Paramount Trading lost 27 cents and ended with 77,904 shares changing hands at $2.98, after trading at a low for the day of $2.50.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

JSE in big record run on Tuesday

May 16, 2017 by

Berger Paints ended at a 52 weeks’ high of $23.50 on Tuesday

The main market of the Jamaica Stock Exchange shot up more than 3,300 points in the morning session to an intraday high on with all Jamaica Composite index up by 3,327.59 points to a new record, at 10:45 AM the index hit 265,287.63 points. The market failed to hold on to such heady gains and fell back later to end at a record close.
At the close of the market the All Jamaica Composite Index advanced 1,511.90 points to record close of 263,471.94, the JSE Market Index gained 1,377.52 points to finish at record closing high of 240,052.78 and the JSE US dollar market index rose 0.45 points to close at 218.77.
Trading ended with 29 securities changing hands including 2 trading in the US dollar market. At the close, 10 stocks advanced and 7 declined.
Trading levels in the main market ended at 115,967,557 units valued at $1,350,559,147 compared to 4,670,861 units valued at $78,264,470 at the close on Monday. Trading in the US dollar market accounted for 19,645 units valued at US$5,789.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 4,295,095 units valued at an average of $50,020,709 compared to an average of 166,816 units with an average value of $2,795,160 on Monday. The average volume for the month to date ended at 538,261 units carrying an average value of $7,554,509 versus 196,730 units an average value $3,693,945 on the prior trading day. The average volume and value for April ended at 382,748 units and $5,254,387.
In market activity, Barita Investments traded 100,000 shares at $7, Berger Paints gained $3.58 to close at a record high of $23.60, with trades of 12,300 shares, Cable and Wireless closed at $1.40, with 381,200 shares changing hands. Carreras added 5 cents to close at $82 after hitting a new intraday high of $84 while exchanging 64,795 shares, Grace Kennedy closed at $42.40, with a loss of 10 cents trading 35,814 units, Jamaica Broilers closed at a record high of $20, gaining $2, trading 49,022 shares, Jamaica Producers closed 40 cents higher at $16.40, with 226,826 shares changing ownership, Jamaica Stock Exchange lost 45 cents to close at $7.05 trading 12,285 shares. JMMB Group lost 50 cents to close at $21, after trading of 27,952 units, Kingston Wharves traded 91 cents higher to close at $31.01, with an exchange of 12,000 units, Mayberry Investments closed at $4.75, with 157,731 shares trading, NCB Financial Group closed at $71.99, after trading 36,196 shares, 1834 Investments lost 1 cent to close at $1.84, with an exchange of 242,270 shares, 138 Student Living closed at $4.49 trading 3,107 shares, PanJam Investment added 5 cents to close at $35.55, with trades of 16,955 shares. Pulse Investments closed at $14, with gains of $1.50 exchanging 11,780 shares, Radio Jamaica closed at $1.70, gaining 5 cents trading 27,400 shares, Sagicor Group traded 90 cents lower to close at $33, with trades of 953,208 shares, Sagicor Real Estate fund closed at $11.19, with gains of 19 cents exchanging 112,260,515 units, Scotia Group was down $2 to close at $42, with 987,439 units changing hands, Scotia Investments closed at $37.85, trading 200 shares, Seprod traded 3,300 shares at $35, Sterling Investments closed at $16.90 with an exchange of 22,584 shares, Supreme Ventures jumped 65 cents and closed at a record high of $7.50 exchanging 25,353 shares. Proven Investments 8.25% preference share gained 3 cents to close at $5.20 with trades of 19,200 units, Margaritaville Turks closed at 34 US cents with 1,845 units traded, Proven Investments closed at 29 US cents trading 17,800 ordinary shares, JMMB 7.5% preference share closed at $1.82, losing 8 cents with an exchange of 178,125 units and JMMB Group 7.5% preference share closed at $1.10, with 100,000 units changing hands, Proven Investments preference share jumped $1 to hit a 52 weeks high of $6.17 while trading 34,200 shares.

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

Juniors up 30% in 2017 for record close

May 16, 2017 by

Junior Market stocks closed at a nother new high with gains of 29.5% for 2017 to date.

The Junior Market of the Jamaica Stock Exchange after adding 71.57 points on Monday rose 34.71 points on Tuesday to a record close of 3,359.14 with gains of 29.5 percent for 2017 to date, with reduced trading levels compared to Monday’s levels.
At the close of the market, the number of securities trading, ended at 23 compared to 20 on Monday with 7 advancing and 7 declining. Overall,  3,285,925 units valued at $19,269,876 changed hands, compared to 5,640,429 units valued at $30,941,266 on Monday. Trading ended with 4 stocks having bids higher than their last sale prices and 4 with lower offers. Just one stock ended trading at new closing high at the close of trading on Tuesday.
The Junior Market ended trading with an average of 142,866 units for an average value of $837,821, compared to 282,021 units for an average value of $1,547,063, on the previous trading day. The average volume and value for the month to date are 90,668 units and $612,627, while at the close of the prior day, 85,923 units and $592,155. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging gained 49 cent to end at $5.15 with 4,940 units changing hands, Caribbean Cream traded 4,486 changing hands, to close with a loss of 20 cents at $7.30, Caribbean Flavours traded 162,937 shares at $11, Caribbean Producers ended at $4 with 47,500 shares trading, Consolidated Bakeries traded 299,082 shares to close at $2.50, C2W Music had 40,534 units changing hands to close at 45 cents, Derrimon Trading fell 10 cents and ended at $7.50 with 57,169 shares changing hands, Dolphin Cove ended trading at $21 with 24,100 shares changing hands, General Accident added 4 cents and closed trading with 9,000 shares at $3.09, Honey Bun ended with 8,520 shares changing hands at $7.75, after falling 20 cents, ISP Finance climbed $2 to end at fresh new high of $30 with 10,921 units changing hands. Jamaican Teasclosed trading with 17,608 shares, at $4.95. Jetcon Corporation ended at $15 with 79,088 shares trading, KLE Group rose 1 cent and ended at $2.70 with 75,669 shares changing hands, Knutsford Express closed with 4,633 shares trading to end at a record $68. Lasco Distributors ended with 62,279 units trading with a rise of 9 cents at $7.49, Lasco Financial fell 10 cents and ended with 1,111,623 shares changing hands at $5, Lasco Manufacturing rose 18 cents and closed at $5.80 while trading 991,772 shares, Main Event ended trading 91,461 shares at $7, Medical Disposables lost 50 cents and ended at $6 with 28,084 units trading,Paramount Trading rose 16 cents and ended with 42,196 shares changing hands at $3.25 and tTech ended with 40,300 units changing hands at $7.50.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Juniors jump 71 points to record close

May 15, 2017 by

Lasco Financial traded at a new record high on Tuesday.

The Junior Market of the Jamaica Stock Exchange surged 71.57 points end at 3,324.43 on Monday as four stocks traded during the day at new record highs as the level of trading climbs sharply over that on Friday.
At the close of the market, the number of securities trading, ended at 20 compared to 20 on Friday with 9 advancing and 7 declining. Overall, 5,640,429 units valued at $30,941,266 changed hands, compared to 1,367,990 units valued at $8,114,770 on Friday. Trading ended with 4 stocks having bids higher than their last sale prices and 4 with lower offers. Two stocks ended trading at new closing highs and two traded at an intraday highs.
The Junior Market ended trading with an average of 282,021 units for an average value of $1,547,063, compared to 62,181 units for an average value of $368,853, on the previous trading day. The average volume and value for the month to date are 85,923 units and $592,155, while at the close of the prior day, 66,313 units and $496,664. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging gained 1 cent to end at $4.66 with 22,494 units changing hands, Cargo Handlers fell 50 cents in trading just 177 shares at $20 Caribbean Cream closed trading with 36,063 changing hands, to close $1 down at $7.50, Caribbean Flavours traded 9,800 shares at $11, after rising 49 cents, Consolidated Bakeries rose 10 cents in trading 43,073 shares to close at $2.50, C2W Music had 31,500 units changing hands to close with a loss of 5 cents at 45 cents, Derrimon Trading fell 10 cents and ended at $7.60 with 24,800 shares changing hands, Dolphin Cove gained $1 to end at $21 with 4,900 shares trading, General Accident fell 24 cents and closed trading with 1,972,996 shares at $3.05, Honey Bun ended with 4,935 shares changing hands at $7.95, ISP Finance jumped $4 to end at record close of $28 with 46,731 units changing hands. Jamaican Teasclosed trading with 21,030 shares, with a gain of 20 cents at $4.95. Jetcon Corporationfell 74 cents to end at $15 with 205,492 shares trading, KLE Group lost 1 cent and ended at $2.69 with 1,000 shares changing hands, Knutsford Express closed with 1,377 shares trading to end at a record $68. Lasco Distributors ended with 1,281,181 units trading with a rise of 38 cents at $7.40, Lasco Financial jumped 90 cents and ended with 953,637 shares changing hands at a record $5.10, Lasco Manufacturing rose 22 cents and closed at $5.62 while trading 954,142 shares, Main Event ended trading 15,319 shares at $7, Sweet River ended at $3.50 with 19,482 units trading and tTech ended with 100 units changing hands at $7.50 after rising 50 cents.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

New record close for JSE – Monday

May 15, 2017 by

Carreras climbed to a 52 weeks’ high of $81.95.

The main market of the Jamaica Stock Exchange closed a record high on Monday following record close on Friday. The All Jamaica Composite Index advanced 213.39 points to close at a record 261,960.04 the JSE Market Index gained 194.42 points to finish at new record of 238,675.26 and the JSE US dollar market index lost 0.45 points to close at 218.32.
Trading levels in the main market ended at 4,670,861 units valued at $78,264,470 compared to 4,918,036 units valued at $117,841,841 at the close on Friday. Trading in the US dollar market accounted for 10,855 units valued at US$4,017. At the close, 28 securities changed hands in the main market and 3 in the US dollar market as 15 stocks advanced and 8 declined including 4 that traded at 52 weeks’ high during the day.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 166,816 units valued at $2,795,160 for each security traded, compared to an average of 223,547 units valued at $ $5,356,447 on Friday. The average volume for the month to date ended at 196,730 units with an average value of $3,693,945 versus 199,722 units with an average value of $3,783,824 on the prior trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Barita Investments traded 1,000 shares at $7, Berger Paints gained 2 cents to close at record high of $20.02, with trades of 500 shares, Cable and Wireless closed at $1.40, gaining 10 cents with 1597,672 shares changing hands, and Caribbean Cement closed at $29, with a loss of $1 trading 1,600 units. Carreras gained $1.95 to close at a 52 weeks’ high of $81.95 exchanging 13,000 shares, Grace Kennedy jumped $1.15 and closed at $42.50, trading 39,050 units, Jamaica Broilers closed at $18, gaining 49 cents with 233,299 shares trading, Jamaica Producers closed $1.19 lower to $16, with 159,742 shares changing owners, Jamaica Stock Exchange lost 50 cents to close at $7.50 trading 215,846 shares. JMMB Group closed at $21.50, after rising $1.50 with 22,430 units changing hands, Kingston Wharves traded 10 cents higher to close at $30.10, with an exchange of 1,750 units, Mayberry Investments closed at $4.75, gaining 5 cents with 101,000 shares changing owners, NCB Financial Group closed at $71.99, with gains of 74 cents after trading 49,561 shares, 1834 Investments traded 11 cents higher to close at $1.85, with an exchange of 1,785,370 shares, 138 Student Living lost 1 cent to close at $4.49 trading 4,593 shares, PanJam Investment closed 49 cents higher to $35.50, with 523,242 shares trading. Portland JSX lost 30 cents, closing at $10.30 with an exchange of 584 shares, Pulse Investments closed at $12.50, with a loss of $1.30 exchanging 39,013 shares, after trading at an intraday high of $14.50, Radio Jamaica closed at $1.65, losing 10 cents trading 78,685 shares, Sagicor Group gained 20 cents to close at $33.90, trading of 658,471 shares, Sagicor Real Estate fund closed at $11 exchanging 36,714 units, Scotia Group gained $1 to close at $44, with 357,959 units changing hands, Scotia Investments closed at $37.85, with trades of 801 shares, Seprod traded 23,218 shares at $35, Sterling Investments lost 11 cents to close at $16.90 with an exchange of 9,236 shares, Supreme Ventures closed at a record high of $7.50, with gains of $1.11 exchanging 71,624 shares. Proven Investments closed at 28.1 US cents trading 8,755 ordinary shares, Margaritaville Turks closed at 34 US cents with 1,100 units traded, JMMB Group 6% US preference share closed at US$1.11 with trades of 1,000 units, JMMB 7.5% preference share closed at $1.90, with an exchange of 8,046 units and JMMB Group 7.5% preference share closed at $1.10, gaining 3 cents with 74,855 units changing hands.

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

Buy out interest for Berger Paints?

May 12, 2017 by

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Reports reaching IC Insider.com is that Jamaican based Berger Paints is in play with more than one interested party eyeing the profitable target one source within the financial community stated.
I know as a fact that an offer was made on Thursday but was rejected by Berger as inadequate and would not involve taking over the staff. Another source indicates that the parties are in discussion on terms with the price of $20 that the stock traded at today being within the ball park of where an offer could be at. By next week a clearer picture should emerge our source advises.
One name said to be associated with the one of the offers is Josef Bogdanovich one of the investors involved in the takeover of Hardware and Lumber.
It’s unclear if the planned acquisition by Bogdanovich if successful would be placed under the Hardware and Lumber umbrella which would make economic sense as it would lead to economies of scale in a number of different areas.
The interest comes against the back ground of Berger having recorded the highest level of profit ever at $316 million up from $122 million in 2016, with IC Insider forecasting earnings of $2 per share or $430 million for the year ending March 2018.
Berger closed trading at $6 at the end of 2016 and is up 233 percent for the year to date and is the second best performing main market stock for the year second only to Pulse Investment that is up 360 percent. Berger has been in IC Insider.com TOP 10 since this year and in the TOP 5 Main market from inception on September 9 last year.

Filed Under: Company News, Feature Stories, General Business News, Street News & Views Tagged With: , ,

Junior Market gains on Thursday

May 11, 2017 by

Jamaican Teas CEO, John Mahfood, the company stock closed at a new high on Thursday.

The Junior Market of the Jamaica Stock Exchange rose on Thursday by 23.43 points to end at 3,279.58 but continues to trade less than 1 million shares daily.
At the close of the market, the number of securities trading, ended at 20 from 24 on Wednesday with 9 advancing and 3 declining. Overall, 830,850 units valued at 6,979,202 changed hands, compared to 979,578 units valued at $5,647,751 on Wednesday. Trading ended with 8 stocks having bids higher than their last sale prices and 4 with lower offers. Three stocks ended trading at new closing highs. And one at an intraday high.
The Junior Market ended trading with an average of 41,543 units for an average value of $348,960, compared to 40,816 units for an average value of $235,323, on the previous trading day. The average volume and value for the month to date are 66,772 units and $511,865, while at the close of the prior day, 69,926 units and $531,103. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market,  Access Financial Services closed at $47 trading 2,899 shares, AMG Packaging closed at $5 with 108,045 units changing hands, Blue Power closed at $39 with 400 units changing hands, Caribbean Cream closed trading with 3,900 changing hands, to close 30 cents higher at $8.15, Caribbean Producers traded 5,100 shares at $4, Consolidated Bakeries lost 20 cents in trading 69,908 shares to close at $2.89, Honey Bun ended with 700 shares changing hands, to close at $7.80, ISP Finance climbed $1 to end at a record closing high of $25 with 53,167 units changing hands. Jamaican Teas climbed 35 cents in trading 600 shares, to close at a record high of $5.45. Jetcon Corporation jumped $2.25 and ended at record $15.50 with 97,862 shares trading, KLE Group lost 5 cents and ended at $2.85 with 1,630 shares changing hands, Knutsford Express traded 1,000 shares and shed 50 cents to end at $59.50. Lasco Financial lost 50 cents and ended with 2,938 shares changing hands at $4, Lasco Manufacturing rose 1 cent and closed at $5.13 while trading 17,600 shares, Main Event gained 20 cents and ended trading 34,462 shares at $7, Medical Disposables ended at $6.50 with 1,500 units trading, Paramount Trading shed 5 cents and ended with 192 shares changing hands at $3.10, Sweet River ended with 2,647 units changing hands at $3.50 and Derrimon Trading preference share, traded 48,600 units to end at $2.22.

 

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , ,

Record close for JSE stocks – Wednesday

May 10, 2017 by

All Jamaica Index looking to 275,000 before being challenged by upward sloping resistance line.

The main market of the Jamaica Stock Exchange ended trading with a record close after the All Jamaica composite Index surged more than 3,200 points and the JSE Market Index ended just under 3,000 points higher.
The main market hit new high early in the morning session and kept on moving higher as trading progressed and hit 260,625.67 points at 11.30 after adding 3,317.30 points, the JSE Market Index rose 3,022 .44 to 237,459.51 while the combined Index jumped 2,631.98 points to 253,640.67, before settling slightly lower by the close.
The market closed on Wednesday with 22 securities changing hands with 1 trading in the US dollar market. At the close, 12 stocks advanced and 3 declined.
Trading levels in the main market ended at 6,346,217 units valued at $82,133,615 compared to 5,201,072 units valued at $124,919,823 at the close on Tuesday. Trading in the US dollar market accounted for 73,139 units valued at US$21,210.
The All Jamaica Composite Index advanced 3,252.77 points to close at 260,561.14 the JSE Market Index gained 2,963.64 points to finish at 237,400.71 and the JSE US dollar market index lost 6.38 points to close at 212.61.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 288,464 units valued at an average of $3,733,346 compared to an average of 192,632 units and $4,626,660 on Tuesday. The average volume for the month to date ended at 201,622 units with an average value of $3,939,782 versus 204,192 units and $4,136,602 on the prior trading. The average volume and value for April ended at 382,748 units and $5,254,387.
In market activity, Berger Paints traded of 11,291 shares gained 19 cents, in at closing at $16.71 after trading at an intraday high of $20, Cable and Wireless closed at $1.40, gaining 6 cents with 2,064,744 shares changing hands, Caribbean Cement traded $4 higher to close at $32 exchanging 16,000 units. Carreras gained $1 and closed at $77, in trading 7,251 shares, Grace Kennedy closed at $41.86, with gains of 36 cents while exchanging 778,096 units, Jamaica Broilers closed at $17.75, with 10,812 units changing hands, Jamaica Producers closed 20 cents higher to $17.20, with 63,388 shares changing ownership, Jamaica Stock Exchange closed at $7.50, but lost 50 cents trading 4,000 shares. JMMB Group closed at $21.36, after losing 29 cents with trades of 14,937 units, Kingston Properties exchanged 243 shares at $16.60, Mayberry Investments closed at $5.30 with an exchange of 181,092 shares, NCB Financial Group gained 1 cent to close at $72, after exchanging 46,216 shares, 1834 Investments closed at $1.55, with gains of 20 cents trading a mere 100 shares, PanJam Investment closed 75 cents higher to $35 exchanging 38,166 shares. Radio Jamaica closed at $1.67 trading 200 shares, Sagicor Group closed at $33.90, gaining 40 cents with trades of 547,328 shares, Sagicor Real Estate fund gained 65 cents to close at $11 exchanging 79,281 units, Salada traded 122,816 shares at $8, Scotia Group lost 2 cents to close at $43.48, with 16,571 units changing hands, Scotia Investments closed at $37.50, with trades of 60,000 shares, Supreme Ventures gained 1 cent to close at $6.39 exchanging 2,283,585 shares at $6.39, Proven Investments lost 0.01 US cents, closing at 29 US cents trading 73,139 ordinary shares and JMMB Group 7.5% preference share closed at $1.10, gaining 5 cents with 100 units changing hands.

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