Caribbean Producers was the leading stock to trade on the junior market, on Tuesday. Trading closed with 137,588 units, valued at $255,914 changing hands. The JSE Junior Market Index rose 3.85 points to close at 673.07, while only 6 securities traded, with the price of 2 advancing and 1 declining.
At the close, there were 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 8 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Lasco Financial ended trading with 3,000 shares changing hands, 8 cents higher to 95 cents, Lasco Manufacturing closed with 15,000 shares trading with a gain of 2 cents to 97 cents. Caribbean Cream closed with 17,500 shares at 71 cents, Caribbean Producers finished trading with 96,978 shares changing hands at $2.26, General Accident saw trading in 110 shares trading at $1.53 and Lasco Distributors finished trading with 5,000 shares, the price dipped 1 cent to $1.35.
Caribbean Producers leads junior
Knutsford Express top juniors
Knutsford Express Services traded over 5 million shares at a new high of $5.85 on the Junior Market. Trading ended with 6,061,987 units valued at $30,930,731. The JSE Junior Market Index rose 12.60 points to close at 669.22, only 5 securities traded, with the price of 4 advancing.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 8 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Caribbean Producers finished trading with 185,826 shares, and closed with a gain of 26 cents at $2.26, Jamaican Teas concluded trading with 100 shares to end 10 cents higher, at $3.40, Knutsford Express exchanged 5,020,011 shares with a gain of 40 cents to a new 52 weeks’ high of $5.85. The company will benefit from lower fuel prices with the fall in the price of oil on the world market. Lasco Distributors had dealing in 819,050 shares as the price ended 4 cents higher, to $1.36. Consolidated Bakeries with 37,000 shares trading, closed at 82 cents.
Junior stocks still struggling
Trading in the Junior Market closed with very little activity on the final day of the week. Trading ended with 39,536 units valued at $53,270. The JSE Junior Market Index fell 6.07 points to close at 656.62, only 4 securities traded, with the price none advancing and 3 falling.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 8 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Caribbean Flavours had 11,936 shares changing hands to close at $2.35, Caribbean Producers concluded trading with 1,600 shares at $2, and Consolidated Bakeries exchanged 12,000 shares at 82 cents. Lasco Financial finished trading with 14,000 units to fall 8 cents to 87 cents.
Eppley preference share closes over
The Eppley preference share issue, successfully raised the minimum capital sought by the company, the Jamaica Stock Exchange was informed. The preference share issue, maturing in 2019 in respect of 41,666,667 cumulative redeemable preference shares priced at J$6, closed as scheduled on Tuesday, 11 November 2013.
The issue was oversubscribed and the Company intends to exercise the right, to issue further preference shares, up to a total of 58,333,334 units. The basis of allotment will be announced today.
Trading in the Junior Market closed with activity in just 99,198 units, valued at $231,017. The JSE Junior Market Index declined 3.07 points to close at 662.69. Only 4 securities traded, with no stock advancing and 3 declining.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 1 stock with the offer that is lower. The junior market continues to exhibit weakness with 9 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Access Financial Services traded 900 shares at $10.01, Caribbean Producers finished trading with 93,000 shares while losing 20 cents to $2, Knutsford Express traded down 4 cents to $5.45 with 4,450 units and Lasco Financial traded only 848 units, losing 3 cents to 95 cents.
Low junior market trading
Blue Power slipped to a new 52 weeks’ low, of $6.80.
Trading in the Junior Market closed with very little activity, on a day when trading picked up in the Jamaican Stock Exchange main market. Trading ended with 665.76 units valued at $131,655.
The JSE Junior Market Index barely slipped 0.15 points to close at 665.76. Only 3 securities traded, with the price none advancing and one falling. At the close of the market, there is 1 stock with the bid higher than the last selling price and 1 stock with offer that is lower. The junior market continues to exhibit weakness with 8 securities closing with no bids to buy, but this is an improvement over a more pronounced 10-11 in recent weeks. There were 5 securities, that had no stocks offered for sale.
There was dealing in 58,600 Lasco Distributors’ shares at $1.32 and Lasco Manufacturing contributed 30,000 shares in trading to end at 95 cents. Blue Power ended trading with 3,790 units as the price slipped 10 cents to a new 52 weeks’ low of $6.80.
Caribbean Producers up 10%
Trading in the Junior Market closed with Caribbean Producers gaining 10 percent, as the company with largest percentage price movement. There was a total of 686,019 units changing hands, valued at $857,142. The JSE Junior Market Index rose 5.37 points, to close at 665.91 as 7 securities traded, with the price of 3 advancing and 2 declining.
At the close, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
In trading, Caribbean Producers finished with 20,000 shares with the price rising 20 cents to $2.20, Lasco Financial saw trading in 50,000 units and put on 8 cents to 98 cents and Medical Disposables ended with 10,000 shares with an increase of 4 cents to $1.94.
Lasco Distributors contributed 232,490 shares at $1.32 and Lasco Manufacturing ended trading with 235,894 shares at 95 cents.
Blue Power ended with 660 units as the price slipped 20 cents to $6.90 and General Accident finished with 136,975 shares with 2 cents fall to $1.53.
7 securities traded in junior market
Caribbean Producers traded 107,00 shares at $2.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
There was dealing in 11,949 General Accident shares, as the price closed with a gain of 2 cents, to end at $1.55, Knutsford Express concluded trading with 2,500 units, with a decline of 1 cent to $5.49, AMG Packaging ended trading with 9,478 shares changing hands at $2.15, Caribbean Flavours closed with 23,872 shares trading at $2.35, Caribbean Producers finished trading with 107,000 shares at $2, Lasco Manufacturing exchanged 31,106 units, to close at 95 cents and Medical Disposables traded 2,000 shares at $1.90.
Scotiabank making slow recovery on TTSE
Trading on the Trinidad Stock Exchange closed the week with 11 securities changing hands, of which 2 advanced, only 1 declined and 8 traded firm with a total of 215,713 units, valued at $2,278,896.
At the close of the market, the Composite Index lost 0.04 points to close at 1,146.02, the All T&T Index fell by 0.08 points to close at 1,964.35 and the Cross Listed Index remained at 42.94.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 26,301 shares valued at $581,487 and advanced by 1 cent to $22.11 and Scotiabank contributed 9,586 shares with a value of $557,018, increasing 5 cents to end the day at $58.12, as the stock continues to make a slow recovery from the sharp fall it has suffered since end of May.
Declines| The only stock declining at the end of trading, is Republic Bank, with 300 shares at $120.72, as the price slipped a cent.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, First Citizens Bank which traded 1,610 shares, to close at $36.75, Grace Kennedy closed with 740 shares at $3.85, Guardian Holdings with a volume of 13,995 shares traded for $189,662, closed at $13.55, while Massy Holdings added 7,894 shares valued at $541,134 to close at $68.55, National Enterprises closed with 100 units at $17.49, Point Lisas Industrial Port had 490 units trading at $4.05, Trinidad Cement with 154,497 shares changing hands, for a value of $307,449.03, closed at $1.99 and L.J. Williams B traded 200 shares at 90 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 3 stocks with offers that were lower.
Eppley & Lasco Distributors dominate juniors
Trading picked up on the Junior Market on Friday, making it the best day for several weeks for volume and number of securities traded. Eppley preference share was the dominant trade, in monetary terms, Lasco Distributors with volume and Dolphin Cove with price change.
Trading ended with 2,058,386 units, valued at $6,226,015. The JSE Junior Market Index fell 1.25 points to close at 660.02, as 8 securities traded, with the price 3 advancing and 3 declining. At the close of the market, there were 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Gains|Dolphin Cove had 33,690 shares changing hands and gained 80 cents to $8.80, Eppley 9.5% preference share contributed 661,120 units to trading and rose 2 cents to a 52 weeks’ high of $6.10, Lasco Distributors finished trading with 1,181,969 units to close with a gain of 2 cents at $1.32.
Firm|General Accident exchanged 5,000 shares at $1.53 and Lasco Manufacturing finished trading with 50,000 shares changing hands 95 cents.
Declines| Blue Power ended trading with 7,350 shares to close with a 66 cents fall to $7.10, a new 52 weeks’ low, Caribbean Producers finished trading with 110,000 units with a fall of 50 cents to $2 and Lasco Financial ended with 9,257 shares traded with a loss of 8 cents to close at 90 cents.
Caribbean Producers reported a loss in its latest quarterly result to September before minority interest of US$23,000 by acme out with small profit of US$2,500, this contrast with a profit of $447,000 in 2013.
3 stocks rose on the junior market
CPJ gained 30 cents to end at $2.50 in trading on Thursday
At the close, there were 3 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 9 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
Access Financial ended with only 500 units at $10.01, Caribbean Producers traded 60,000 shares to end with an increase of 30 cents to $2.50, Lasco Distributors gained 15 cents to $1.30 with 70,000 units and Lasco Manufacturing traded 10,000 shares to end 4 cents higher at 95 cents.
