Junior Market index jumps – Tuesday

January 30, 2018 by

Lasco Distributors traded 76% of total volume in the Junior Market.

After climbing 36.88 points on Monday the Junior Market made further gains on Tuesday at the close 45.59 points higher to 2,846.00, as the prices of 12 securities advanced, 9 declined and 1 remained unchanged.
At the close of market activities on Tuesday, 22 securities changed hands, resulting in an exchange of 8,181,768 units valued at $31,174,089 compared to 4,267,682 units valued at $16,140,258 from 22 securities changing hands, on Monday. Lasco Distributors gained 20 cents, accounting for 76 percent of the market volume and Lasco Manufacturing finished 13 cents higher with 329,396 units making a major contribution to the gain in the market index.
Trading ended with an average of 371,899 units for an average of $1,417,004 in contrast to 193,986 units for an average of $733,648 on Monday. For the month to date an average of 119,907 shares valued at $482,228 and previously, an average of 107,450 shares valued at $423,942. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 38 cents to close at a 52 weeks’ low of at $2.02, with 146,183 stock units, CAC 2000 finished 20 cents higher at $8.70, with 1,211 shares, Caribbean Cream ended trading 6 cents higher at $5.56, with 1,200 shares, Caribbean Producers finished trading with a loss of 7 cents at $4.50, with 5,551 units, Consolidated Bakeries closed with a loss of 18 cents at $2, with 33,724 shares. Dolphin Cove finished with a loss of 52 cents at $16.38, with 2,963 stock units, Express Catering ended trading 5 cents higher at $4.55, with 1,997 shares, FosRich Group traded with a loss of 5 cents at $2.55, with 77,954 shares, General Accident finished trading 13 cents higher at $2.85, with 20,000 shares. GWest Corporation closed 5 cents higher at $3.25, with 1,128,212 stock units, Honey Bun ended 6 cents higher at $4.56, with 31,130 units, Jamaican Teas settled 5 cents higher at $4.65, with 5,918 shares, Jetcon Corporation ended trading 55 cents higher at $4.80, with 28,105 stock units. Key Insurance traded 24 cents higher at $3.25, with 66,862 units, Knutsford Express closed with a loss of 1 cent at $14, with 5,300 shares, Lasco Distributors ended 20 cents higher at $3.80, with 6,221,994 shares changing hands, Lasco Financial concluded trading with a loss of 13 cents at $5.11, with 45,927 stock units. Lasco Manufacturing finished 13 cents higher at $4.30, with 329,396 units, Main Event settled at $5.50, with 9,920 shares, Medical Disposables lost 5 cents to close at $4.95, with 5,400 shares, Paramount Trading traded with a loss of 5 cents at $3.40, with 10,821 shares and Stationery and Office finished trading 5 cents higher at $5.05, with 2,000 stock units.

Prices of securities trading for the day are those at which the last trade took place.

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

Elite Diagnostic IPO opens February 5

January 28, 2018 by

Elite Diagnostics could be in the Junior Market TOP 10 by the end of 2018.

Elite Diagnostic initial Public offer that was put off due to errors in the prospectus seems set to open this week, according to the brokers for the issue an advertisement in the Sunday Gleaner states.
According to the advertisement, the issue will open on Monday February 5 and is scheduled to close on February 12. The updated prospectus is expected to be posted on the Jamaica Stock Exchange website this Monday.
The issue was slated to have opened on January 22 at a price of $2 per share with the share and was scheduled to close on January 29 for a total of 70.68 million shares being offered to raise $141 million. Omission of depreciation charge from the profit statement, resulted in an overstatement of the profit for the September quarter resulting in an addendum to the report being released. The addendum did not address errors in the balance sheet relating to fixed assets and some other items, resulting in the cancellation of the opening of the issue. IC Insider.com gathers that the Jamaica Stock Exchange and the Financial Services Commission were reviewing the report last week to ensure that it reflected the correct position.
Of the shares available for subscription in the IPO, 18 million units are reserved for subscription at $2 each. The company currently has 282 million issued shares. The proceeds of the IPO will put the company in a position to repay a substantial part of the debt due lenders amounting to $202 million.
For the financial year ended June last year, the audited financial statements show revenues increasing to $263 million and net profits moved to $44.2 million from $29 million in 2016. Gross Profit margin is very attractive at 67 percent for the 2017 fiscal year with administrative expenses at 31 percent of revenues, excluding depreciation.
Notwithstanding the errors in the interim figures, Elite shares remain BUY RATED with IC Insider.com forecasting profit of 22 cents per share for the current year to June and 35 cents for 2019. The shares are expected to be listed on the Junior Market.

Filed Under: Initial Public Offers, JSE Junior Market, Stock Market Tagged With: , , , , ,

Ganja story pushes Junior Market higher

January 26, 2018 by

Lasco Manufacturing pushes Junior market index.

The Junior Market index rose 16.44 points to close at 2,763.53 at the end on Friday as a report that Lasco Manufacturing has set up a subsidiary to produce medicinal marijuana products in joint venture with an overseas partner.
Lasco Manufacturing is the most heavily weighted in the junior market index rose by 25 cents to help the market a nice bounce by contributing around 24 points to the market. At the close of trading the prices of 9 securities advanced, 7 declined and 6 remained unchanged.
At the close of market activities, trading ended with an exchange of 3,500,362 units valued at $13,179,651 with 22 securities changing hands, compared to 1,399,820 units valued at $5,859,024 from 19 securities changing hands, on Thursday.
Trading ended with an average of 159,107 units for an average of $599,075 in contrast to 73,675 units for an average of $308,370 on Thursday. For the month to date an average of 102,949 shares valued at $407,835 and previously, an average of 99,868 shares valued at $397,343. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with the bid higher than the last selling price and 4 with lower offers.
At the close of the market, AMG Packaging ended unchanged at $2.40, with just 100 stock units, CAC 2000 finished 10 cents higher at $8.50, trading 22,794 shares, Cargo Handlers settled 5 cents higher at $10.05, with 1,416 shares, Caribbean Cream ended trading 9 cents higher at $5.09, with 87,159 shares, Caribbean Producers finished trading with a loss of 20 cents at $4.30, with 153,893 units. Consolidated Bakeries closed with a loss of 26 cents at $2.18, with a mere 229 shares, Derrimon Trading concluded trading 10 cents higher at $7.10, with 4,337 shares, Dolphin Cove finished 50 cents higher at $16.90, with 33,102 stock units, Express Catering ended trading at $4.50, with 2,594 shares. FosRich Group traded at $2.61, with 15,337 shares, General Accident finished trading with a loss of 10 cents at $2.85, with 344,978 shares, GWest Corporation closed 30 cents higher at $2.90, in trading 1,219,959 stock units, Honey Bun ended with a loss of 18 cents at $4.32, with 18,500 units. Jamaican Teas settled 10 cents higher at $4.60, with 36,839 shares, Jetcon Corporation ended trading 40 cents higher at $4.50, with 7,541 stock units, Lasco Distributors ended at $3.50, with 704,191 shares, Lasco Financial concluded trading with a loss of 5 cents at $5.40, with 22,700 stock units. Lasco Manufacturing finished 25 cents higher at $4, to end with 133,300 units changing hands, after a newspaper article reported that they are going into the production of medicine from Ganja, subject to the receipt of license. Main Event settled at $6.20, with 14,501 shares, Medical Disposables ended trading with a loss of 1 cent at $4.95, with 213,000 shares, Paramount Trading traded with a loss of 3 cents at $3.45, with 192 shares and Stationery and Office finished trading at $5, with 463,700 stock units.
Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market ekes out small gain – Thursday

January 25, 2018 by

Access Financial lost $2.10 to end at $42.10.

The Junior Market of the Jamaica Stock Exchange closed on Thursday with the market index advancing 2.17 points to 2,747.09 as with 19 securities changing hands, the same number on Wednesday.
At the close of market activities, the prices of 5 securities advanced, 6 declined and 8 remained unchanged, trading ended with an exchange of 1,399,820 units valued at $5,859,024 compared to 1,672,389 units valued at $8,029,322 on Wednesday.
Trading ended with an average of 73,675 units for an average of $308,370 in contrast to 88,020 units for an average of $422,596 on Wednesday. For the month to date an average of 99,868 shares valued at $397,343 and previously, an average of 100,724 shares valued at $465,215. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, Access Financial closed with a loss of $2.10 at $42.10, with 1,750 shares changing hands, AMG Packaging ended with a loss of 20 cents at a 52 weeks; low of $2.40, with 24,900 stock units, Caribbean Producers finished trading 20 cents higher at $4.50, with 2,600 units, Dolphin Cove finished with a loss of 10 cents at $16.40, with 2,000 stock units, Express Catering ended trading at $4.50, with 23,144 shares. FosRich Group lost 4 cents to close at $2.61, with 97,221 shares, General Accident rose by 23 cents to $2.95, with 20,000 shares, GWest Corporation closed with a loss of 21 cents at $2.60, with 92,459 stock units, Jamaican Teas settled at $4.50, with 3,293 shares. Jetcon Corporation ended trading at $4.10, with 10,315 stock units, Key Insurance traded with a loss of 49 cents at $3.01, with 103,972 units, Knutsford Express closed at $15, with 5,000 shares, Lasco Distributors ended at $3.50, with 211,690 shares. Lasco Financial concluded trading 20 cents higher at $5.45, with 351,340 stock units, Lasco Manufacturing finished at $3.75, with 323,740 units, Main Event settled $1.14 higher at $6.20, with 72,257 shares, Medical Disposables rose by 1 cent to close at $4.96, with 2,120 shares and Stationery and Office finished trading at $5, with 51,919 stock units changing hands. In the junior market preference segment, Eppley 8.25% concluded trading at $5.45, with 100 units.

Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market slips on Wednesday

January 24, 2018 by

Blue Power dropped $9 higher to close at $35.

The Junior Market of the Jamaica Stock Exchange declined in trading on Wednesday with the market index slipping just 2.24 points, to close at 2,744.92 with 19 securities changing hands, versus 22 on Tuesday.
At the close of market activities, the prices of 7 securities advanced, 4 declined and 8 remained unchanged, trading ended with an exchange of 1,672,389 units valued at 8,029,321 changing hands, compared to 1,743,185 units valued at $9,048,340 on Tuesday.
Trading ended with an average of 88,020 units for an average of $422,596 in contrast to 76,450 units for an average of $393,406 on Tuesday. For the month to date an average of 100,724 shares valued at $465,215 and previously, an average of 101,859 shares valued at $400,678. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with the bid higher than the last selling price and 2 with lower offers.
At the close of the market, Access Financial closed $2.19 higher at $44.20, with 2,185 shares changing hands, after several weeks with no trading taking place with the price offered on Blue Power being well below the last traded price, the stock finally traded and dropped $9 to $35, with 6,236 units changing hands. CAC 2000 finished at $8.40, with 45,372 shares, Caribbean Producers finished trading at $4.30, with 60,947 units, Dolphin Cove finished with a loss of 20 cents at $16.50, with 13,455 stock units. Eppley settled at $11, with 381 units, Express Catering ended trading 9 cents higher at $4.50, with 10,000 shares, FosRich Group traded at $2.65, with 18,300 shares, General Accident finished trading with a loss of 23 cents at $2.72, with 29,500 shares. GWest Corporation closed at $2.81, with 17,628 stock units, Honey Bun ended 35 cents higher at $4.50, with 16,828 units, Jamaican Teas settled at $4.50, with 11,100 shares, Jetcon Corporation ended trading 5 cents higher at $4.10, with 84,211 stock units. Lasco Distributors ended with a loss of 10 cents at $3.50, with 450,720 shares, Lasco Financial concluded trading at $5.25, with 662,745 stock units, Lasco Manufacturing finished 8 cents higher at $3.75, with 1,200 units, Paramount Trading traded at $3.48, with 6,353 shares and Stationery and Office finished trading 20 cents higher at $5, with 234,583 stock units. In the junior market preference segment, Eppley 9.5% finished at $7.25, with 645 shares trading.
Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market rises again on Tuesday

January 24, 2018 by

The Junior Market of the Jamaica Stock Exchange rose for the second day, in trading on Tuesday with the Junior Market Index advancing 21.05 points to close at 2,747.16 with 22 securities changing hands, versus 18 on Monday.
At the close of market activities, the prices of 8 securities advanced, 10 declined and 4 remained unchanged, trading ended with an exchange of 1,743,185 units valued at $9,048,340 changing hands, compared to 2,369,619 units valued at $9,249,191 on Monday.
Trading ended with an average of 79,236 units for an average of $407,859 in contrast to 131,646 units for an average of $513,844 on Monday. For the month to date an average of 101,859 shares valued at $400,678 and previously, an average of 103,318 shares valued at $400,214. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, AMG Packaging ended 5 cents higher at $2.60, with 89,579 stock units, CAC 2000 finished $1.10 higher at $8.40, with 20,800 shares, Cargo Handlers settled at $10, with 134 shares, Caribbean Cream ended trading at $5, with 10,785 shares, Caribbean Flavours traded with a loss of 50 cents at $11, with 6,922 stock units. Consolidated Bakeries closed 44 cents higher at $2.44, with 1,500 shares, Dolphin Cove finished 60 cents higher at $16.70, with 161,496 stock units, FosRich Group traded with a loss of 9 cents at $2.65, with 41,450 shares, General Accident finished trading 45 cents higher at $2.95, with 1,000 shares. GWest Corporation closed with a loss of 19 cents at $2.81, with 75,766 stock units, Honey Bun ended 5 cents higher at $4.15, with 12,000 units, ISP Finance finished at $12.08, with 4,114 shares, Jamaican Teas settled at $4.50, with 11,000 shares. Jetcon Corporation ended trading 5 cents higher at $4.05, with 84,600 stock units, KLE Group finished trading with a loss of 5 cents at $2.25, with 108,000 shares, Lasco Distributors ended with a loss of 10 cents at $3.60, with 697,680 shares, Lasco Financial concluded trading with a loss of 6 cents at $5.24, with 285,466 stock units. Lasco Manufacturing finished with a loss of 21 cents at $3.67, with 44,035 units, Main Event settled with a loss of 94 cents at $5.06, with 43,786 shares, Medical Disposables ended trading with a loss of 5 cents at $4.95, and 11,300 shares trading and Paramount Trading finished trading 48 cents higher at $3.48, with 642 stock units. In the junior market preference segment, Eppley 9.5% finished 5 cents higher at $7.25, with 35,000 shares trading.

Prices of securities trading for the day are those at which the last trade took place.

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

Junior stocks set for strong 2018

January 23, 2018 by

IC Insider.com Junior Market TOP 10 stocks for 2018

Junior market stocks performed better than main market stocks in 2017 but that performance does not show in the gains in the market indices of both markets.
The Junior Market rose just 5.3 percent at the end of the year, down from a high of 31 percent in May.
The pull back of the index from its peak pushed the market into very negative technical readings. The first negative is a head and shoulder pattern, then the deadly cross where the short and medium term moving averages have fallen below the long term moving average and to that is an examination of the potential gains for individual stocks show that more two third of them are valued around or above the market average for 2017 earnings. That means that there is not much ammunition left to seriously push this market much higher based on 2017 profit out turn. Weighting down on the juniors is a series of company results that are not reflected positive price driven data.

General Accident could be a leader in the Junior Market in 2018 as they benefit from higher premium rates.

The reports include, Paramount Trading with strong rise in revenues for the November quarter but lower profits as administrative cost rise Caribbean Cream enjoyed a strong 18 percent increase in revenues but that could not overcome a rise in administrative and direct cost in the November quarter, resulting in profit falling from $19 million in 2016 to less than $1 million in 2017 and helped to push six months profit to $71 million versus $137 million in 2016. AMG Packaging revenues jumped 24 percent in the quarter to November but increased cost wipe the sales gains away and more to leave a profit of $10 million versus $18 in the prior year period.
Express Catering is continuing to deliver strong increased earnings but the stock is already well priced and so too is Knutsford Express at which revenues rose by 18 percent in the November quarter but at a slower pace than in the prior year. For the August quarter and profit grew by just 15 percent, with half year earnings per share coming in at 19 cents, full year earnings should come close to 50 cents but the stock is already a high price relative to the overall market.
The positives in the market is that the 45 days moving average is now over stretched and should enjoy some rebound sooner than later. Looking fully at 2018 thinks appear brighter with IC Insider.com pointing to 14 stocks including the IPO, Elite Diagnostics that could double in price and around 8 that could gain over 50 percent.

Elite Diagnostics could be in the Junior Market TOP 10 by the end of 2018.

Based on projected earnings for 2018, the average PE ratio suggests that Junior Market stock prices should grow by 36 percent. Technical readings have the junior market moving to 3,900 points, 43 percent higher than the end of 2017, before major resistance sets in.
The Top 10 Junior market stocks are taken from those listed at the start of 2018. The list therefore excludes Elite Diagnostics which should end in the top of 2018 best Junior Market stocks at the end of the year.
The list comprise some 2017 under performers, insurance companies that should benefit from increased premium income and in the case of Key Insurance reduced administrative cost. Paramount Trading is adding new product lines that should not only boost top line but with bottom-line growth, while Caribbean Producers and Dolphin Cove will benefit from the strong growth in tourism.

Filed Under: Buy Rated, Investment 2024, JSE Junior Market, Stock Market Tagged With: , , , , , ,

Junior Market rose on Monday

January 22, 2018 by

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with the market Index advancing 28.59 points to close at 2,726.11 as 18 securities changed hands, just a few less that the 21 that traded on Friday.
At the close of market activities, the prices of 8 securities advanced, 4 declined and 6 remained unchanged, trading ended with an exchange of 2,369,619 units valued at $9,249,191 changing hands, compared to 2,964,625 units valued at $9,024,979 on Friday.
Recent Junior Market listing, GWest Corporation that dominated trading on Friday with 2.2 million shares, again had the largest volume trading with 1.22 million units on Monday, accounting for 52 percent of trading, down from 76 percent on Friday.
Trading ended with an average of 131,646 units for an average of $513,844 in contrast to 141,173 units for an average of $429,761 on Friday. For the month to date an average of 103,318 shares valued at $400,214 and previously, an average of 111,699 shares valued at $393,882. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling price and 4 with lower offers.
At the close of the market, Access Financial closed 1 cent higher at $42.01, with 10,650 shares, Caribbean Cream ended trading at $5, with 19,300 shares after trading at an intraday low of $4.70. Caribbean Producers finished trading at $4.30, with 62,533 units, Eppley ordinary share settled at $11, with 5,000 units, Express Catering ended trading 21 cents higher at $4.41, with 58,323 shares. FosRich Group traded 14 cents higher at $2.74, with 47,495 shares, GWest Corporation closed 19 cents higher at $3, with 1,223,571 stock units, Honey Bun ended with a loss of 5 cents at $4.10, trading 50,520 units, ISP Finance finished at $12.08, with 7,129 shares. Jetcon Corporation ended trading with a loss of 1 cent at $4, with 26,936 stock units, Knutsford Express closed at $15, with 6,000 shares, Lasco Distributors ended 25 cents higher at $3.70, with 234,890 shares, Lasco Financial concluded trading 5 cents higher at $5.30, with 576,738 stock units. Lasco Manufacturing finished 39 cents higher at $3.88, with 23,372 units, Medical Disposables ended trading 5 cents higher at $5, with 500 shares, Stationery and Office finished trading at $4.80, with 9,000 stock units and tTech ended with a loss of 38 cents at $6, with 7,562 shares trading. In the junior market preference segment, Eppley 8.25% concluded trading at $5.45, with 100 units.

Prices of securities trading for the day are those at which the last trade took place.

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

Gwest corners 76% of Junior Market trades

January 19, 2018 by

Recent Junior Market listing, GWest Corporation dominated trading on Friday with 2.2 million shares and accounting for 76 percent of the overall volume traded for the day, the spice slipped by 20 cents to $2.80 at the close.
The Junior Market Index slipped 0.73 points to 2,697.52, resulting from an exchange of 2,964,625 units valued at $9,024,979 compared to 1,258,859 units valued at $5,181,599 on Thursday.
Market activity ended with 21 securities changing hands versus 18 on Thursday, with gains in the prices of 4 securities, declines in 8 with 9 closing unchanged.
Trading ended with an average of 141,173 units for an average of $429,761 in contrast to 69,937 units for an average of $287,867 on Thursday. For the month to date an average of 111,699 shares valued at $393,882 and previously, an average of 98,998 shares valued at $391,387. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, Access Financial closed with a loss of 1 cent at $42, with 1,000 shares, AMG Packaging ended at $2.55, with 12,775 stock units, CAC 2000 finished with a loss of 70 cents at $7.30, with 4,000 shares trading, Caribbean Cream ended trading 10 cents higher at $5, with 173,000 shares, Caribbean Producers finished trading with a loss of 10 cents at $4.30, with 11,471 units. Consolidated Bakeries closed with a loss of 10 cents at $2.60, with 1,000 shares, Dolphin Cove finished at $16.10, with 7,745 stock units, Eppley settled at $11, with 100 units, Express Catering ended trading with a loss of 30 cents at $4.20, with 2,944 shares. FosRich Group traded 7 cents higher at $2.60, with 316,755 shares, GWest Corporation closed 11 cents higher at $2.81, with 2,261,047 stock units, Honey Bun ended at $4.15, with 12,000 units, Jamaican Teas settled at $4.50, with 15,800 shares. Jetcon Corporation ended trading with a loss of 44 cents at $4.01, with 39,761 stock units, Knutsford Express closed at $15, with 1,108 shares, Lasco Distributors ended with a loss of 14 cents at $3.45, with 16,150 shares, Lasco Financial concluded trading with a loss of 10 cents at $5.25, with 71,609 stock units. Lasco Manufacturing finished 14 cents higher at $3.49, with 7,500 units, Medical Disposables ended trading at $4.95, with 560 shares and tTech ended at $6.38, with 4,300 shares. In the junior market preference segment, Eppley 9.5% finished at $7.20, with 4,000 shares,
Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market slide continues

January 18, 2018 by

The Junior Market Index fell for the 5th straight days, at the close of trading on Tuesday, slipping just 4.35 points to at 2,698.25, in another moderate trading session, resulting from an exchange of 1,258,859 units valued at $5,181,599 compared to 1,730,062 units valued at $6,203,084 on Wednesday.
Market activity ended with 18 securities changing hands versus 24 on Tuesday, with gains in the prices of 6 securities, declines in 6 with 6 closing unchanged.
Trading ended with an average of 69,937 units for an average of $287,867 in contrast to 72,086 units for an average of $258,462 on Wednesday. For the month to date an average of 98,998 shares valued at $391,387 and previously, an average of 100,840 shares valued at $397,948. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 1 stock ending with the bid higher than the last selling price and 8 with lower offers.
At the close of the market, AMG Packaging ended at $2.55, with 6,500 stock units, Caribbean Cream ended trading with a loss of 10 cents at $4.90, with 11,200 shares, Caribbean Producers finished trading 10 cents higher at $4.40, with 164,139 units, Dolphin Cove finished with a loss of 95 cents at $16.10, with 3,655 stock units, Express Catering ended trading at $4.50, with 11,214 shares. FosRich Group traded 3 cents higher at $2.53, with 459,191 shares, GWest Corporation closed with a loss of 12 cents at $2.70, with 31,941 stock units, Honey Bun ended 1 cent higher at $4.15, with 23,000 units, Jamaican Teas settled at $4.50, with 1,053 shares. Jetcon Corporation ended trading with a loss of 50 cents at $4.45, with 4,000 stock units, Knutsford Express closed at $15, with 32,250 shares, Lasco Distributors ended 9 cents higher at $3.59, with 194,658 shares, Lasco Financial concluded trading 26 cents higher at $5.35, with 67,155 stock units. Lasco Manufacturing finished with a loss of 5 cents at $3.35, with 13,808 units, Main Event settled 60 cents higher at $6, with 170,296 shares, Paramount Trading ended with a loss of 49 cents at $3, trading 17,000 shares and Stationery and Office finished trading at $4.80, with 47,649 stock units. In the junior market preference segment, Eppley 8.24% ended at $5.45, with 150 stock units, trading.
Prices of securities trading for the day are those at which the last trade took place.

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