Juniors index inch higher on Monday

Caribbean Flavours traded at a new high of $13.50 on Monday.

The junior market inched higher at the close of trading on Monday, to close at 3,101.51 points after climbing a mere 5.05 points. the market closed with 24 securities changing hands, compared to 19 on Friday.
At the market’s close, 11 stocks rose while 8 declined as trading ended with 2,642,818 units valued at $15,747,182 passing through the market, compared to 5,212,444 units valued at over $33,772,710, on Friday. At the close 6 stocks had bids higher than their last sale prices and 2 with lower offers, than the last sale, while 1 stock closed at new 52 weeks’ high while one traded at an intraday high.
An average of 110,117 units with an average value of $656,133 traded, compared to of 274,339 units with an average value of $1,777,511 on the previous trading day. The average volume and value for the month to date ended at 272,597 units and $1,690,274 compared to 285,096 units and $1,759,823 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging dropped $3.99 and closed at $24.01 with 4,835 units changing hands, Blue Power closed at $50.25 after gaining 24 cents with just 100 shares trading, Cargo Handlers lost 43 cents in trading 180 units, to close at $24.07, Caribbean Cream closed trading with 30,640 units at $8, after gaining by 75 cents. Caribbean Flavours rose $1 in trading 1,500 units to end at a new 52 weeks’ high of $13.50, Caribbean Producers closed trading with 46,522 units being exchanged at $4.60 for a loss of 5 cents, Consolidated Bakeries traded 50,000 shares, to close 5 cents higher at $4.05, C2W Music traded 6,683 units and fell 11 cents to 39 cents. Derrimon Trading ended at $7.20 with 38,400 shares changing hands, General Accident closed trading with 6,000 shares while rising 12 cents to end at $4.12, Honey Bun closed with 4,672 shares changing hands to end at $7, Jamaican Teas traded 3,031 shares to close at $8 after gaining by 18 cents. Jetcon Corporation closed trading $1 higher with 390,520 shares being exchanged to end at $11, Key Insurance traded 9,524 units, to close with a loss of 1 cent, at $2.89, KLE Group rose 20 cents and ended with 181 units changing hands, at $2.70, Lasco Distributors ended trading 110,000 units to close at $7.30, after adding 30 cents. Lasco Financial traded 412,200 shares changing hands, to end at $4.70, Lasco Manufacturing with 1,448,197 units changing hands, closed with a gain of 30 cents at $5, Main Event had 59,631 shares changing hands to close at $4.80. Medical Disposables lost 40 cents and closed at $7 with 4,704 shares changing hands, tTech gained 90 cents and closed trading with 513 units changing hands at $7.90, Eppley 9.5% preference share, ended with 300 units changing hands at $6.01 after falling by 2 cents and Eppley 10% preference share, ended with 300 units trading at $6.85.

Juniors index jumps sharply on Friday

Lasco Financial Services stock closed at a new high of $35 on Friday.

The junior market bounced back in trading on Friday, to close at 3,096.46 points after climbing 68.71 points as 19 securities changed hands, compared to 21 on Thursday with less stocks rising than falling.
In spite of the sharp gain in the index only 5 stocks rising while 9 declined with Access Financial jumping $3.75. Trading ended with 5,212,444 units valued at over $33,772,710 passing through the market, compared to 5,009,146 units, valued at $26,375,749, on Thursday. At the close 5 stocks had bids higher than their last sale prices and 5 with a lower offer, than the last sale, while 2 stocks closed at new 52 weeks’ high.
An average of 274,339 units with an average value of $1,777,511 traded, compared to of 238,531 units with an average value of $1,255,988 on the previous trading day. The average volume and value for the month to date ended at 285,096 units and $1,769,823 compared to 285,992 units and $1,769,183 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, Access Financial Services surged $3.75 to a 52 weeks’ high of $35 in trading 3,500 units, AMG Packaging jumped $3.50 and closed at $28 with 242 units changing hands, at the close the stock was offered at $25 to sell 150 units, Cargo Handlers traded 8,054 units, to close at $24.50. Caribbean Cream closed trading with 104,586 units at $7.25, after falling by 75 cents, Caribbean Producers closed trading with 16,011 units being exchanged at $4.65, Consolidated Bakeries traded 526,000 shares, to close at $4. General Accident closed trading with 162,398 shares while falling 15 cents to end at $4, Honey Bun closed with 422,790 shares changing hands to end with a loss of 50 cents at $7, Jamaican Teas traded 4,358 shares to close at $7.82 after declining by $1.18. Jetcon Corporation closed trading with 244,231 shares, to end with a loss of $1 at $10. Key Insurance traded 56,000 units, to close with a loss of 10 cents, at $2.90, KLE Group lost 20 cents and ended with 42,816 units changing hands at $2.50, Lasco Distributors ended trading with 2,841,405 units changing hands to close at $7. Lasco Financial rose 20 cents with 149,488 shares changing hands, to end at a 52 weeks’ high of $4.70, Lasco Manufacturing with 62,296 units changing hands, closed with a gain of 19 cents at $4.70, Main Event gained 19 cents in trading 420,952 shares to close at $4.80. Medical Disposables lost 10 cents and closed at $7.40 with 34,000 shares changing hands, Paramount Trading closed at $3.80 with 77,959 shares changing hands and tTech lost $1 and closed trading with 35,358 units changing hands at $8, at the close investors offered 806,448 units for sale at $7.90.

Juniors retreat sharply on Thursday

Medical Disposables added 60 cents and closed at $7.50′

The junior market retreated sharply in trading on Thursday, to close at 3,027.75 points after falling 48.96 as 21 securities changed hands, compared to 25 on Wednesday with the prices of 7 stocks rising and 6 declined.
The market closed ending with 5,009,146 units valued at over $29,141,927 passing through the market, compared to 6,418,006 units, valued at $39,202,136, on Wednesday. At the close, 5 stocks had bids higher than their last sale prices and 1 with a lower offer, than the last sale while 1 stock closed at new 52 weeks’ high.
An average of 238,531 units with an average value of $1,255,988 traded, compared to of 377,530 units with an average value of $754,627 on the previous trading day. The average volume and value for the month to date ended at 285,992 units and $1,758,206 compared to 290,307 units and $1,803,862 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging closed at $24.50 with 7,859 units changing hands, Blue Power closed with 3,000 shares changing hands at $50.01, Cargo Handlers rose 10 cents while trading 7,456 units, to close at $24.50. Caribbean Cream closed trading with 7,153 units at $8, Caribbean Producers fell 18 cents in trading 17,802 units at $4.65, Consolidated Bakeries traded 681,057 shares with a rise of 20 cents, to close at $4. Derrimon Trading ended at $7.20 with 10,000 shares changing hands, General Accident closed trading with 24,861 shares at while falling 5 cents to end at $4.15, Honey Bun closed with 384,852 shares changing hands to end with a loss of 50 cents at $7.50, Jamaican Teas traded 62,765 shares to close at $9 after declining by 33 cents. Jetcon Corporation closed trading with 460,473 shares, to end at a closing high of $11. Key Insurance traded 1,077 units to close with a gain of 2 cents at $3, KLE Group lost 30 cents and ended with 1,500 units changing hands at $2.70, Knutsford Express traded just 4,000 shares and gained $1.49 in closing at $26. Lasco Distributors ended trading with 469,944 units changing hands to close at $7, Lasco Financial rose 27 cents with 819,651 shares changing hands to end at $4.50, Lasco Manufacturing with 1,086,082 units changing hands, closed with a loss of 44 cents at $4.51. Main Event traded 592,737 shares to close at $4.51, after trading at $4.80, Medical Disposables added 60 cents and closed at 52 weeks’ high of $7.50 with 334,877 shares changing hands. Paramount Trading rose 20 cents and closed at $3.80 with 25,500 shares changing hands, Sweet River ended with 10,000 units changing hands at $3.50 and tTech closed trading with 500 units changing hands to end at $8.

Juniors break 3,000 points barrier – Tuesday

Knutsford Express traded $26 after rising $1.49.

The junior market shoot over the 3,000 mark in the index by gain nearly 50 points to close at yet another record high, in trading on Tuesday, to close at 3,029.93 points after gaining 48.91 as 22 securities changed hands, compared to 15 on Monday. Prices of 11 stocks rose and 7 declined.
The market closed ending with 3,635,936 units, valued at $9,626,139 passing through the market, compared to 871,696 units, valued at $5,334,946, on Monday. At the close, 7 stocks had bids higher than their last sale prices and 3 with a lower offer, than the last sale while 7 stocks closed at new 52 weeks’ high.
An average of 165,270 units with an average value of $437,552 traded, compared to of 58,113 units with an average value of $355,663 on the previous trading day. The average volume and value for the month to date ended at 100,163 units and $477,950 compared to 83,886 units and $488,049 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging rose $1 to close at $25 with 8,774 units changing hands after trading at a high for the day of $27.60, Blue Power closed with 894,181 shares changing hands at $50, CAC 2000 traded 869,262 shares and fell 10 cents to $6. Cargo Handlers climbed by $1 while trading 11,577 units, to close at 52 weeks’ high of $24, Caribbean Cream rose 35 cents in trading 3,150 units to end at $7.60, Caribbean Producers fell 10 cents in trading 18,050 units at $4.35, Consolidated Bakeries traded 65,346 shares with a rise of 20 cents, for a 52 weeks’ closing high $3.80. General Accident closed trading with 16,050 shares at while gaining 36 cents to end at a new high of $3.80 Honey Bun closed with 13,480 shares changing hands to end at $7.66, Jamaican Teas traded 13,751 shares to close at $9.50 after rising by 85 cents. Jetcon Corporation closed trading with 212,260 shares, to end at $10.50. Key Insurance traded 3,872 units to close at 52 weeks’ closing high of $3.70, after rising by 20 cents, KLE Group ended with 10,000 units changing hands at $3,

The ttech team, from Left: Mr. Hugh Allen, Resolution Manager and Executive Director; Mrs. Natalya Petrekin, Service Desk

Knutsford Express traded just 4,000 shares and gained $1.49 in closing at $26, Lasco Distributors ended trading with 97,322 units changing hands but fell 56 cents to close at $7.40. Lasco Financial rose 46 cents with 430,196 shares changing hands to end at $3.96, Lasco Manufacturing with 29,740 units changing hands, closed with a loss of 3 cents at $5.21, Medical Disposables added 27 cents and closed at 52 weeks’ high of $6.37 with 14,875 shares changing hands. Paramount Trading rose 5 cents and closed at $3.10 with 90,000 shares changing hands, tTech closed trading with 6,850 units changing hands to end at 52 weeks’ high of $8.05 after rising 60 cents and Derrimon Trading preference share lost 5 cents ending with 815,000 units changing hands to close at $2.

New trading system stymied trading – Monday

Honey Bun traded at a new high on the Junior market on Monday.

The junior market made more gains in trading on Monday, in a market affected by the stock exchange switching over to a new trading system that had brokers being cautious with a system still being worked on. At the close the market hit a new high of 2,981.02.
Trading resulted in 15 securities traded compared to 24 on Friday, with the prices of 6 rising, down from 19 on Friday and 2 declining
The market closed ending with 871,696 units, valued at $5,334,946 passing through the market, compared to 1,530,168 units, valued at $11,104,756, on Friday. At the close, 6 stocks had bids higher than their last sale prices and 2 with a lower offer, than the last sale.
An average of 58,113 units with an average value of $355,663 traded, compared to of 63,757 units with an average value of $462,698 on the previous trading day. The average volume and value for the month to date ended at 83,886 units and $488,049 compared to 92,477 units and $532,178 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, Access Financial Services ended $30 in trading traded 270 units, Blue Power closed with 1,500 shares changing hands at $50, Cargo Handlers climbed by $1 while trading 10,000 units to close to end at 52 weeks’ high of $23. Consolidated Bakeries traded 102,946 shares to close at $3.60 but only after it traded at a 52 weeks’ intraday high of $4, General Accident closed trading with 2,800 shares at $3.50. Honey Bun rose 41 cents and closed with 16,000 shares changing hands to end at 52 weeks’ high of $7.66, Jamaican Teas traded 1,320 shares to close at $8.65 after rising by 5 cents, Jetcon Corporation closed trading with 89,544 shares, to end at $10.50. Key Insurance traded 37,193 units to close at $3, after falling by 50 cents, KLE Group ended with 189,950 units changing hands at $3, Lasco Distributors ended trading with 257,389 units changing hands and gained 66 cents to close at $7.96. Lasco Financial shed 36 cents with 1,229 shares changing hands to end at $3.50, Lasco Manufacturing with 47,216 units changing hands, closed with a rise of 4 cents at $5.24, Medical Disposables added 10 cents and closed at $6.10 with 66,063 shares changing hands. Paramount Trading closed at $3.05 with 50,000 shares changing hands, tTech closed trading with 64,339 units changing hands to end at 52 weeks’ high of $7.45 after rising 55 cents.

10 TOP Junior market stocks for 2017

tTech, one of ICI Insider.com top selections for 2017.

With just over one month of 2017 slipping by, the junior market is up more than 14 percent in a relative short time. Market movement delivered some stunning gains with five stocks rising between 54 percent and 77 percent up to Friday.
The PE ratio, the best measure of valuing stocks, for this market is at 10.5 times 2017 estimated earnings and 16 times 2016, with 9 stocks selling above this level, including Cargo Handlers selling at a rich 51 times 2016 and 40 times 2017 earnings. The top 10 stocks have PE ratios for 2017 between 4.3 and 7.4 times estimated earnings compared to the average of 10.5. Nine socks are priced higher than the average.
Technical indicators show the junior markets braking through major resistance levels at 2,600 points and seem poised to reach new highs around 3,400 points before the next level of resistance is met, that is 15 percent away from the close on Friday.
What makes junior market stocks attractive, is their size, relative to the majority of main market stocks and their ability to grow at a much faster pace, from existing business or expansion into new ventures, delivering superior profits and greater growth in the stock prices.
ISP Finance has very limited supply of stocks available for sale, this should ensure that the price should surge to match seller and buyers. The company could see a sharp rise in profits if the $145 million raised in a bond issue last year is invested in new loans. Based on its interim results to September last year, interest income works out at 100 percent per annum. At these levels and with the infusion of cash from the bond and the cash to flow from profits, the stock could enjoy and explosive blast, if they are able to put the funds into profitable loans.
tTech revenues for this technology company grew strongly by 34.3 percent for the nine months to September and stronger 43 percent for the September quarter, with very good demand for its services. A negative is that cost has been growing just as fast, as they add personnel to service customers need. At September 2016, the company had 33 full-time employees compared to 24 at the same period in 2015. While staffing grew 57 percent between September 2015 and September 2016, the growth in the September quarter was only 7 percent over the June quarter. The sharp growth in cost slowed growth in profits, from a relatively small base. The slowdown in staffing in the September quarter, should allow more revenues to flow into profits in 2017 onwards.

Lasco Manufacturing

Lasco Manufacturing has enjoyed very strong demand for its new drinks, resulting in major expansion of the factory. Total revenue to September 2016 was $4 billion, an increase of 28 percent over the same period last year, resulting from increased production volumes brought to market, as part of the expansion of the manufacturing plant.
The company indicated that production at the liquid plant continues to grow steadily. The plan is for increase capacity to meet strong market demand for the iCool line of beverages, by ramping up production with the installation of additional equipment by the end of the financial year. The new Dry Plant at White Marl is fully operational together with the existing Red Hills Road Dry Plant. New products will be introduced by the end of 2016 to enhance the product line which is projected to continue to realize significant sales and profits, the company stated.
Main Event is the latest public issue to hit the market. The issue was heavily oversubscribed. The price is set to enjoy a big bounce when it list this week Wednesday with the PE ratio of just 7, based on 2016 earnings and less based on estimated 2017 profit. The funds raised will be used to expand its operation, including setting up a branch in Montego Bay.
Medical Disposables focussed on increasing the product line it represents in 2016, reflecting in a strong 38 percent sales growth for the first six months of the financial year, but at lower margins. Increased cost associated with the expanded sales has so far kept profit from growing a great deal in 2016. That should change in 2017, as sales growth, out pace cost increases. With the focus on rapidly expanding products and sales, this is clearly a stock for investors to keep a keen eye on.

Caribbean Flavours traded at $9.50 on the junior market last week

Caribbean Flavours is a company with much promise for growth, with potential for increased exports and new product lines for sale, locally and with the Caribbean region. The stock is selling below many other in the junior market currently, and the price has room to run, having fallen to $9.50 with the confusion investors faced, with the acquisition majority shares by Derrimon Trading.
Access Financial is undervalued based on a number of factors but the stock is extremely scarce. Earnings for the fiscal year ending March, should be in the order of $2.80 and based on this and with 10 junior market companies selling at more than 17 times 2016 earnings, the stock should be trading over $45. As the company makes profit, most of the funds are reinvested in its operation to expand loans, this in turn fuels strong increased profit. Access seems set to generate earnings of $4.35 per share for the 2018 fiscal year, which will push the price much higher than its current level.
Key Insurance nine months profit ended at $66 million compared to $68 million for the 2015 period and seems set to reach $120 million for the full year, for earnings per share of 35 cents. The company should benefit from the lowering of restriction on investments that insurance companies could undertake which should free up funds for more profitable investments as the companies see fit. Investing in general insurance companies can be riskier than for many other companies, in the short term.

Jetcon Corporation revenues enjoyed strong growth for 1st nine months of 2016

Jetcon Corporationlisted at $2.25 in 2016, is shot to $10.50 for a rise of 366 percent. An announcement of a stock split and dividend gave the stock added push as investors bought more shares at higher prices. The company more than doubled profits to September last year over results for 2015 for the same period. Jetcon benefitted from the capital injection of the public share issue. It helped boosts inventory, and in turn grew sales by 61 percent to $610 million for the nine months to September and 86 percent for the September quarter. The publicity from the listing seems to have enhance the company’s image in the minds of potential customers which has also helped sales. The trend of increased sales for the past two years suggest that sales growth may continue to be strong in 2017 and should be helped by the continued attractive financing terms available in the market, strengthening of the economy and reduction in PAYE that some workers will enjoy, when the tax threshold increases in April thus increasing take home pay.
Dolphin Cove was the darling of the investing public when the company was listed but seems to have lost its lustre as profit growth slowed sharply. With continued growth in the tourism industry and more cruise ships coming to the country, the company should get a boost in revenues and earnings for this undervalued stock.

Persons associated with this article may have an interest in the companies commented on.

New junior record as 19 stocks rise

The junior market shot through the 2,900 points level with strong gains 67.79 points in trading on Friday, to end at a new closing high of 2,959.31, after 24 securities traded, with the prices of 19 rising and only 2 declining.
The market closed with 1,530,168 units, valued at $11,104,756 passing through the market, compared to 1,812,887 units, valued at $10,370,371, on Thursday. At the close, only 2 stocks had bids higher than their last sale prices and 1 with a lower offer, than the last sale.
An average of 63,757 units with an average value of $462,698 traded, compared to 78,821 units with an average value of $450,886 on the previous trading day. The average volume and value for the month to date ended at 92,477 units and $532,178 compared to 106,837 units and $566,918 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, Access Financial Services surged $2.50 to a 52 weeks’ high of $30 in trading traded 6,400 units, AMG Packaging climbed $2 to close with 5,282 units changing hands at $24, Blue Power jumped $3 to close with 1,200 shares changing hands at a 52 weeks’ high of $50, CAC 2000 traded 16,000 units at $6.10. Cargo Handlers traded 31,840 units to close at $22, Caribbean Cream exchanged 63,000 shares and gained 55 cents, to close at $7.80, Caribbean Producers rose 5 cents in trading 7,197 units at $4.50. Consolidated Bakeries shed 20 cents in trading 30,000 shares to close at 52 weeks’ high of $3.60. C2W Music rose 5 cents and ended at 45 cents with 25,000 shares changing hands, Derrimon Trading ended at a 52 weeks’ high of $7 with 40,400 shares changing hands, after rising by 55 cents, Dolphin Cove ended with a gain of 24 cents at $14.74 with 3,890 shares changing hands. General Accident gained 10 cents and closed trading with 71,641 shares at a 52 weeks’ high of $3.50. Honey Bun shed 24 cents and closed with 56,056 shares changing hands at $7.25, Jamaican Teas traded 37,450 shares to close at $8.60 after rising by 10 cents, Jetcon Corporation closed trading with 475,275 shares, to end with a gain of 8 cents at $10.50. Key Insurance traded 10,000 units to close at $3.50, after rising by 15 cents, KLE Group gained 5 cents and ended with 6,305 units changing hands at a 52 weeks’ high of $3, Lasco Distributors ended trading with 86,100 units changing hands and gained 10 cents to close at $7.30. Lasco Financial gained 11 cents with 287,245 shares changing hands to end at $3.86, Lasco Manufacturing with 44,900 units changing hands, closed with a rise of 8 cents at $5.20, Medical Disposables added 10 cents and closed at $6.10 with 66,063 shares changing hands. Paramount Trading closed at $3.05 after slipping 5 cents, with 136,500 shares changing hands, tTech closed trading with 7,599 units changing hands to end at $6.90 after rising 5 cents, Derrimon preference share, traded 49,750 units and fell 7 cents to end at $2.05 and Eppley 10% preference share, traded 14,815 units to close at $6.85 after rising 10 cents.

6 new highs for junior stocks

Blue Power jumped $6.07 to a 52 weeks’ high of $46.47

The junior market was very active in trading on Thursday, with 74 percent of the listings being active and 5 ending at new highs and 1 traded at an intraday high. At the close, the junior index climbed 24.93 points to end at a new closing high of 2,889.86.
The market closed after 23 securities traded, 2 more than on Wednesday, with the prices of 12 rising, 10 declining, ending with 1,812,887 units, valued at $10,370,371 passing through the market, compared to 2,831,925 units, valued at $14,341,956, on Wednesday. At the close, 9 stocks had bids higher than their last sale prices and 1 with a lower offer than the last sale.
An average of 78,821 units with an average value of $450,886 traded, compared to 134,854 units with an average value of $682,950 on the previous trading day. The average volume and value for the month to date ended at 106,837 units and $566,918. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, Blue Power jumped $6.07 to close with 9,500 units changing hands at a 52 weeks’ high of $46.47, CAC 2000 traded 1,000 units at $6.10, Cargo Handlers traded 9,884 units and gained $1.50 to close at a 52 weeks’ high of $22, Caribbean Cream exchanged 150,000 shares and fell 2 cents, to close at $7.25. Caribbean Flavours lost 1 cent in putting through 15,948 units to end at $9.49. Caribbean Producers rose 20 cents in trading 22,245 units at $4.45. Consolidated Bakeries shed 20 cents in trading 247,225 shares to close at $3.30, after trading at an intraday 52 weeks’ high of $3.70, C2W Music rose 5 cents and ended at a 52 weeks’ high of 40 cents with 30,696 shares changing hands, Dolphin Cove ended with a gain of 10 cents at $14.50 with 400 shares changing hands. General Accident gained 35 cents and closed trading with 24,375 shares at a 52 weeks’ high of $3.40. Honey Bun climbed 49 cents and closed with 26,400 shares changing hands at $7.49, Jamaican Teas traded 17,440 shares to close at $8.50 after declining by 65 cents, Jetcon Corporation closed trading with 58,879 shares, to end with a gain of 62 cents at $10.42. Key Insurance traded 151,628 units to close at a 52 weeks’ high of $3.50, after rising by 15 cents, KLE Group gained 15 cents and ended with 3,000 units changing hands at a 52 weeks’ high of $2.95, Lasco Distributors ended trading with 2,720 units changing hands and lost 10 cents to close at $7.20. Lasco Financial had 18,071 shares changing hands and shed 25 cents to end at $3.75, Lasco Manufacturing with 49,999 units changing hands, closed with a loss of 8 cents at $5.12, Medical Disposables shed 10 cents and closed at $6 with 33,545 shares changing hands. Paramount Trading closed at $3.10 after rising 10 cents, with 22,382 shares changing hands, tTech closed trading with 27,800 units changing hands to end at $6.85 after easing 5 cents, Derrimon preference share, traded 49,750 units and fell 7 cents to end at $2.05 and Eppley 9.5% preference share, traded 840,000 units to close at $6.04 after rising 1 cent.

Juniors rise with 12 stocks gaining

Consolidated Bakeries closed at a 52 weeks’ high on Wednesday at $3.50..

The junior market continued to record gains in trading on Wednesday, with the junior index rising 24.81 points at the close, to sit at 2,864.93. The level of trading increased, with more stocks trading, than on Tuesday with increased volume.
The market closed with 21 securities traded, 2 more than on Tuesday, with the prices of 12 rising and 2 declining, ending with 2,831,925 units valued at $14,341,956 passing through the market, compared to 1,610,629 units, valued at $10,783,120, on Tuesday. 10 stocks closed with bids higher than their last sale and 2 with lower offers than the last sale.
An average of 134,854 units with an average value of $682,950 traded, compared to 84,770 units with an average value of $567,533 on the previous trading day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging rose 90 cents to close at $21 with 1,965 units changing hands, Blue Power closed with 2,000 units changing hands at $40.40, Caribbean Cream exchanged 710,000 shares and fell 24 cents, to close at $7.27, Caribbean Flavours put through 897 units to end at $9.50. Caribbean Producers lost 10 cents in trading 53,025 units at $4.25. Consolidated Bakeries jumped 50 cents in trading 146,122 shares to close at a 52 weeks’ high of $3.50, C2W Music ended 35 cents with 23,480 shares changing hands, General Accident gained 5 cents and closed trading with 148,153 shares at $3.05, but traded at an all-time high of $3.50 earlier in the day. Honey Bun climbed 9 cents and closed with 202,754 shares changing hands at $7, Jamaican Teas traded 20,460 shares to close at $9.15 after rising by 34 cents, Jetcon Corporation closed trading with 53,787 shares, to end with a gain of 26 cents to $9.80. Key Insurance traded 15,000 units to close at a 52 weeks’ high of $3.35, after rising by 35 cents, KLE Group gained 30 cents and ended with 44,700 units changing hands at $2.80, Lasco Distributors ended trading with 63,350 units changing hands to end at $7.30. Lasco Financial had 126,647 shares changing hands and gained 8 cents to end at $4, Lasco Manufacturing with 134,019 units changing hands, closed with a gain of 7 cents at $5.13, Medical Disposables gained 20 cents and closed at $6.10 with 20,069 shares changing hands. Paramount Trading closed at $3 with 871,487 shares changing hands, tTech closed trading with 16,010 units changing hands to end at $6.90 after rising 30 cents, Eppley 10% preference share, traded 8,000 units and rose 3 cents to end at $6.03 and Eppley 8.25% preference share, traded 170,000 units to close at $6 after it traded at an all –time high of $6.05.

Juniors gain 9.5% in January

The junior market of the Jamaica Stock Exchange made moderate gains on in trading on Tuesday, but that was enough to land it with a rise of 9.5 percent for the first month of the year. The market on all trading days except for moderate declines on only two days.
The junior index gained 8.48 points at the close to sit at 2,840.12 as 19 securities traded, 3 more than on Monday, with the prices of 7 rising and 9 declining.
The market closed with 10 stocks with bids higher than their last sale and 1 with a lower offer than the last sale, signalling a continuation of gains ahead.
The market ended with very low volume of stocks changing hands, ending at 1,610,629 units valued at $10,783,120 passing through the market, compared to 426,481 units valued at $2,702,243, on Monday.
An average of 84,770 units with an average value of $567,533 traded, compared to 26,655 units with an average value of $168,890 on the previous trading day. The average for the month to date is 165,547 units with an average value of $884,749 versus 169,586 units with an average value of $900,610 for the preceding trading day. The average for December, ended at 131,147 units, with an average value of $672,488.
At the close of trading, Blue Power closed with 1,720 units changing hands at $40.40, after it traded at an intraday high of $43.05, CAC 2000 traded 7,800 units to end at $6.10 after falling 30 cents, Cargo Handlers ended at $20.50, after 3,043 shares were traded. Caribbean Cream exchanged 19,777 shares and rose 15 cents, to close at $7.51, Caribbean Flavours put through 1,800 units to end at $9.50, Caribbean Producers rose 30 cents in trading 4,400 units at $4.35, Consolidated Bakeries lost 1 cent in trading 206,844 shares to close at $3. Derrimon Trading ended at a 52 weeks’ high of $6.45 with 100,000 shares changing hands, after rising by 55 cents, Dolphin Cove ended at $14.40 with 4,407 shares trading to gain 40 cents. Honey Bun climbed 1 cent and closed with 17,135 shares changing hands at $6.91, Jamaican Teas traded 52,484 shares to close at $8.81 after declining by 69 cents, Jetcon Corporation closed trading with 141,658 shares, to end with a loss of 88 cents to $9.54. KLE Group gained 30 cents and ended with 5,300 units changing hands at $2.80, Lasco Distributors ended trading with 895,981 units changing hands to end at $7.30 after gaining 30 cents, Lasco Financial had 7,202 shares changing hands and fell 8 cents to end at $3.92. Lasco Manufacturing with 75,371 units changing hands, closed with a loss of 7 cents at $5.13, Medical Disposables closed with a loss of 30 cents at $5.60 with 21,586 shares changing hands. Paramount Trading closed with a loss of 10 cents at $3 with 34,921 shares changing hands and tTech closed trading with 2,200 units changing hands to end at $6.60 after falling 30 cents.