Juniors down again on Wednesday

Cargo Handlers trade at a new high of $76.10 on Wednesday.

Cargo Handlers trade at a new high of $76.10 on Wednesday.

The junior market closed on Wednesday with more prices falling than rising slicing 34.48 points off the junior market index, to close at 2,200.27 in continuation of the fall on Tuesday. At the end, 1,886,162 units, valued at $8,593,938 traded, with 17 securities changing hands.
Trading ended with 4 stocks that rose while 7 declined as 7 closed with bids higher than their last selling prices and 2 ended with lower offers.
At the close, CAC 2000 traded 10,614 shares, to end at $6, Caribbean Cream closed with 126,756 units changing hands and fell 5 cents, to $7,JM sum 24-8-16 Cargo Handlers traded 7,518 shares but lost just 1 cent in closing at $75.03, after trading earlier at an intraday high of $76.10. Caribbean Flavours traded 2,791 units to end at $7. Caribbean Producers rose 9 cents in trading 4,885 units at $3.40, Consolidated Bakeries rose 5 cents with 1,353 units changing hands, to end at $2.40, Derrimon Trading traded 7,050 units to close at $3.05. Honey Bun had 44,404 shares changing hands, to close at $5.08, Iron Rock Insurance traded 24,393 units to close at $3.30, Jamaican Teas traded 13,508 units to close at $3.40, JM Trdng Sht 24-8-16 Jetcon Corporation fell by 15 cents with 15,098 units to end at $2.85. KLE Group gained 3 cents and ended at $1.43 with 284 shares changing hands, Lasco Distributors fell 5 cents and ended with 18,002 shares changing hands at $7, Lasco Financial lost 10 cents in trading 758,513 units to close at $3.25. Lasco Manufacturing closed at $4.50 with 550,005 shares trading, after falling 35 cents, Medical Disposables ended with a loss of 10 cents as 65,000 shares changed hands at $3.15 and tTech climbed 59 cents and ended at $5 with 235,988 units changing hands.

Juniors drop with 1 new high – Tuesday

Knutsford closed at a new high on Tuesday.

Knutsford closed at a new high on Tuesday.

The junior market closed on Tuesday with prices changes being mixed, as investors moved prices up and down in almost equal numbers, but sliced 22.77 points off the junior market index, to close at 2,234.75. At the end, 2,549,505 units, valued at $12,665,912 traded, with 15 securities changing hands.
Trading ended with 7 stocks that rose while 6 declined, including Knutsford Express that closed at a new 52 weeks’ high of $23.25 with 2,882 shares trading, to record a gain of 5 cents. At the end of trading 6 stocks closed with bids higher than their last selling prices and 1 ended with a lower offer.
At the close, Access Financial Services gained 5 cents in trading 40,000 shares, to end at $16.05, AMG Packaging JM sum 23-8-16added 51 cents and closed at $13.51, with 10,299 units changing hands, Caribbean Cream closed with 419,825 units changing hands and fell 30 cents, to $7.05. Cargo Handlers last traded at $75.04, but now has a bid at $76.10, to buy 5,000 shares, with no stock on offer at the close. Caribbean Flavours traded 8,910 units to end at $7 with a gain of 15 cents, Consolidated Bakeries had 35,242 units changing hands to end at $2.35, General Accident gained 1 cent, in trading 950 units to close at $2.30. Honey Bun dropped 45 cents with 10,516 shares changing hands, to close at $5.08,JM Trdng Sht 23-8-16 Jamaican Teas traded 5,235 units with a fall of 45 cents to close at $3.40, Lasco Distributors ended with 11,700 shares changing hands to end at $7.05, Lasco Financial lost 5 cents in trading 750,200 units to close at $3.35. Lasco Manufacturing closed at $4.85 with 644,900 shares trading, after falling 4 cents, Paramount Trading ended with a loss of $2.50 as 1,249 shares changed hands at $12, tTech climbed 41 cents and ended at $4.41 with 507,226 units changing hands and Eppley 10% preference share gained 1 cent to close at $6.11 with 100,371 units changing hands.

Juniors claw higher on Monday

Knutsford Express traded at an all-time high of $23.20 on Monday.

Knutsford Express traded at an all-time high of $23.20 on Monday.

An equal number of securities rose and declined at the close of trading in the junior market on Monday as the junior market index rose moderately. At the close 2,670,477 units, valued at $18,350,360 traded as 16 securities changed hands. Knutsford Express closed at a new 52 weeks’ high of $23.20 with 5,545 shares trading to record a gain of $1.20.
Trading ended with 7 stocks that rose while 7 declined, while the market index gained 7.24 points, to close at 2,257.52. JM sum 22-8-16At the end of trading 5 stocks closed with bids higher than their last selling prices and 1 ended with a lower offer.
At the close, Access Financial Services traded 7,357 shares to end at $16, AMG Packaging lost 12 cents and closed at $13 with 16,104 units changing hands, CAC 2000 closed with 1,797 units changing hands but fell 1 cent to $6, Cargo Handlers had 4,000 shares changing hands, to close at $75.04 with the loss of a cent. Caribbean Flavours traded 589,637 units to end at $6.85 with a loss of 15 cents, Caribbean Producers gained 1 cent in trading 6,162 units at $3.26, Consolidated Bakeries fell 10 cents in trading 18,620 units to end at $2.35, General Accident gained 8 cents, in trading 2,046 units to close at $2.29. JM Trdng Sht 22-8-16Honey Bun had 98,613 shares changing hands, to close with a gain of 5 cents at $5.55, Iron Rock Insurance traded 1,303 units and gained 2 cents to close at $3.30. Jetcon Corporation traded 127,964 shares and fell 20 cents to close at a new high of $3, Key Insurance with 1,653 shares changing hands rose 15 cents to end at $2.65, Lasco Distributors ended with 1,782,910 shares changing hands but gained 5 cents to land at $7.05. Lasco Financial traded just 400 units to close at $3.40 and Lasco Manufacturing closed at $4.89 with 6,366 shares trading, after falling 7 cents.

Juniors trading hits $989M on Friday

Cargo Handlers hit a new high of $75.05 on Friday while 11 m of its shares valued at $950 million traded. .

Cargo Handlers hit a new high of $75.05 on Friday while 11 m of its shares valued at $950 million traded. .

The junior market enjoyed heavy trading mainly as a result of the crossing of several large blocks of stocks in the market on Friday by two brokers. At the close 35,774,696 units, valued at $989,215,841 traded as 19 securities changed hands. Cargo Handlers with 11,324,264 units valued at $849,886,013 traded with a gain of $3.05 cents to close at a new 52 weeks’ high of $75.05.
The junior market closed with 2 new all-time highs on Friday with one closing at a 52 weeks’ low. Trading ended as 9 stocks rose while 6 declined, with the market index rising 10.49 points, to close at 2,250.28.
The 3 stocks trading at new highs on Friday are Cargo Handlers and Jetcon Corporation while Sweet River closed at a 52 weeks’ low. At the end of trading 2 stocks closed with bids higher than their last selling prices and 1 ended with a lower offer.
JM sum 19-8-16At the close, Access Financial Services traded 1,143 units but fell 25 cents to end at $16, AMG Packaging closed at $13.12 with 597,293 units changing hands, CAC 2000 closed with 813,386 units changing hands but gained 1 cent to $6.01, Caribbean Cream had,2,000 shares changing hands, to close at $7.35. Consolidated Bakeries traded 200,000 units to end at $2.45, General Accident gained 2 cents, in trading 745,396 units to close at $2.21, Honey Bun had 16,209 shares changing hands, to close with a loss of 10 cents at $5.50, Jamaican Teas traded 23,496 units and gained 5 cents to close at $3.85. Jetcon Corporation traded 30,000 shares and gained 10 cents to close at a new high of $3.20, KLE Group ended at $1.40 with 24,000 shares changing hands, after rising 10 cents, JM Trdng Sht 19-8-16Knutsford Express climbed $2 with 144,537 units changing hands to end at $22, Lasco Distributors ended with 8,392,560 shares changing hands but fell 1 cent to land at $7. Lasco Financial gained 8 cents while trading 11,721 units to close at $3.40, Lasco Manufacturing closed at $4.96 with 8,634,913 shares trading, after rising 15 cents, Medical Disposables traded 28,150, shares and fell 25 cents to close at $3.25, Paramount Trading ended with 78,663 shares changing hands at $14.50, Sweet River Abattoir with 4,664,000 units traded lost 2 cents to end at a 52 weeks’ low of $3.84 and tTech climbed 15 cents and ended at $4 with 42,965 units changing hands.

3 new highs for juniors – Thursday

Blue Power hit a new high of $19.50 on Thursday.

Blue Power hit a new high of $19.50 on Thursday.

The junior market closed with 3 new all-time highs on Thursday but the market index rose moderately, with 15 securities changing hands. Trading ended with 3,881,493 units, valued at $11,818,736 changing hands as 6 stocks rose while 6 declined, with the market index rising 9.33 points, to close at 2,239.79.
The 3 stocks trading at new highs on Thursday are Blue Power, Jetcon Corporation and Paramount Trading while C2W Music traded at a 52 weeks’ low. At the end of trading 5 stocks closed with bids higher than their last selling prices and 1 ended with a lower offer.
JM sum 18-8-16At the close, AMG Packaging closed at $13.12 with 13,263 units changing hands, Blue Power jumped $2.40 and ended at a new all-time high of $19.50 with 7,000 units changing hands, Caribbean Cream rose 35 cents with 32,000 shares changing hands, to close at $7, Consolidated Bakeries lost 5 cents in trading 14,400 units to end at $2.45. C2W Music traded 10,000 shares and lost 4 cents to end at a 52 weeks’ low of 24 cents, Dolphin Cove traded 201,553 shares at $15.50, General Accident lost 1 cent in trading 426,436 units at $2.19, Honey Bun had 40,550 shares changing hands, to close at $5.60. JM Trdng Sht 18-8-16Jamaican Teas traded 4,269 units and gained 5 cents to close at $3.85, Jetcon Corporation traded 44,951 shares and gained 10 cents to close at $3.10, following the company’s six months’ results, Lasco Distributors ended with 1,419,722 shares changing hands and gained 1 cent to land at $7.01. Lasco Financial fell 8 cents while trading 21,000 units to close at $3.32, Lasco Manufacturing closed at $4.81 with 1,596,831 shares trading, after falling 16 cents, Paramount Trading jumped $2.40 to end with 13,650 shares changing hands at $14.50 and Derrimon Trading preference share lost 2 cents ended with 35,868 units changing hands to close at $2.08.

Juniors suffer small fall – Wednesday

The junior market declined moderately on Wednesday with just 9 securities changing hands as trading ended with 1,960,611 units, valued at $11,818,736 changing hands. At the close 3 stocks roseJM sum 17-8-16 while 3 declined with one closing at new highs. The market index fell 7.61 points to close at 2,230.46.
At the end of trading 7 stocks closed with bids higher than their last selling prices and 3 ended with lower offers.
At the close, Caribbean Cream had 418,620 shares changing hands, but fell 5 cents to close at $7, Consolidated Bakeries traded 81,150 units to end at $2.50, C2W Music traded 11,000 shares and lost 2 cent to end at 28 cents, Honey Bun had 38,815 shares changing hands with a gain of 1 cent, to close at $5.60. JM Trdng Sht 17-8-16Jamaican Teas traded 3,286 units to close at $3.80, Jetcon Corporation traded 326,248 shares and gained 30 cents to close at $3, following the company’s six months’ results, showing strong gains in profit over the 2015 period. Lasco Distributors ended with 1,054,718 shares changing hands at $7, Lasco Financial gained 10 cents while trading 13,000 units to close at $3.40 and Lasco Manufacturing closed at $4.97 with 13,774 shares trading, after falling 3 cents.

Juniors make full recovery – Tuesday

ISP Finance closed at a new high on Tuesday.

ISP Finance closed at a new high on Tuesday.

The junior market dropped sharply on Tuesday with 18 securities changing hands as trading ended with 1,683,513 units, valued at $7,988,309 changing hands. At the close 8 stocks rose while 4 declined with one closing at new highs. The market index recovered 81.85 points to close at 2,238.07.
ISP Finance Services is the only stock trading at new highs on Tuesday. At the end of trading 7 stocks closed with bids higher than their last selling prices and 3 ended with lower offers.
At the close, AMG Packaging rose by 62 cents, to close with 24,500 units changing hands at $13.12, JM sum 16-8-16Cargo Handlers ended with 3,719 shares changing hands at $72, after trading at an intraday high of $72.02. Caribbean Cream had 3,030 shares changing hands, to close at $7.05, Caribbean Flavours traded 2,900 units to end at $7 with a gain of 48 cents, Caribbean Producers fell 13 cents, in trading 63,478 units to close at $3.30, Consolidated Bakeries traded 80,000 units and lost 5 cents, to end at $2.50. Derrimon Trading ended at $3.05 with 35,868 shares changing hands, General Accident had 239,266 shares changing hands to close 20 cents higher, at $2.20. Honey Bun had 84,181 shares changing hands with a gain of 6 cents, to close at $5.59, ISP Finance Services had 34,654 shares changing hands with a rise of 22 cents to end at 52 weeks’ high of $5. JM Trdng Sht 16-8-16Jamaican Teas traded 9,000 units and fell 20 cents to close at $3.80, Jetcon Corporation traded 99,225 shares and gained 1 cent to close at $2.70, after trading as high as $3. Knutsford Express closed with 176 units changing hands at $20. Lasco Distributors ended with a rise of 20 cents while 222,361 shares changed hands at $7, Lasco Financial traded 43,419 units to close at $3.30, Lasco Manufacturing closed at $5 with 705,000 shares trading, after rising 48 cents. Medical Disposables traded 28,247 shares to close at $3.50 and tTech dropped 65 cents and ended with 4,489 units changing hands at $3.85.

Juniors dropped sharply – Monday

The two big Lasco companies hit the junior market index hard on Monday.

The two big Lasco companies hit the junior market index hard on Monday.

The junior market dropped sharply on Monday with 19 securities changing hands as trading ended with 1,526,008 units, valued at $8,120,692 changing hands, of which 5 stocks rose while 9 declined with 3 closing at new highs. The market index dived 80.25 points to close at 2,156.22, with Lasco Distributors and Lasco Manufacturing had sizable falls.
Stocks trading at new highs are Blue Power, Cargo Handlers and Paramount Trading. At the end of trading 6 stocks closed with bids higher than their last selling prices and 3 ended with lower offers.
JM sum 15-8-16At the close, Blue Power rose by 50 cents, to close with 765 units changing hands at an all-time high of $17, CAC 2000 traded 5,000 shares but fell 40 cents, to close at $6, Cargo Handlers jumped $4 and ended with 1,500 shares changing hands, at an all-time high of $72. Caribbean Cream lost 25 cents with 2,500 shares changing hands, to close at $7.05, Caribbean Producers fell 2 cents, in trading 11,065 units at $3.43, Consolidated Bakeries traded 26,500 units, to end at $2.55, General Accident had 88,928 shares changing hands to close 8 cents lower, at $2. Honey Bun had 115,709 shares changing hands with a loss of 17 cents, to close at $5.53, Iron Rock Insurance traded 4,768 units and fell 2 cents to close at $3.28, ISP Financial Services had 800 shares changing hands with a loss of 15 cents to end at $5. JM Trdng Sht 15-8-16Jetcon Corporation traded 37,411 shares at $2.69, Key Insurance traded 75,413 units to close at $2.50, Knutsford Express closed with 19,324 units changing hands at $20 after rising by 75 cents. Lasco Distributors ended with a loss of 20 cents while 646,920 shares changed hands at $7, Lasco Financial traded 155,762 units and gained 4 cents to close at $3.30, Lasco Manufacturing closed at $4.52 with 330,420 shares trading, but lost 43 cents. Medical Disposables traded 2,700 shares to close at $3.50, Paramount Trading climbed 60 cents to end with 123 shares changing hands at a new high of $12.10 and tTech ended with 400 units changing hands at $4.50.

Junior market legislation draft ready

A Shaw address ptlLegislation is ready to come to parliament to make the junior market tax incentive retroactive to April 1, this year to restore the incentive to its original benefits of 100 percent tax-free status for 5 years and 50 percent of the regular tax for the second 5 years, Minister of Finance, Audley Shaw recently.
Shaw made the announcement when he delivered the keynote address at the official ground breaking of the Allegheny Petroleum and Paramount Trading joint venture lubricant factory in July to be built at 39 Waltham Park Road in Kingston.
Benefits far out weight the loss in revenues given up by the government, Shaw said. He stated that while corporate taxes were foregone, government saw increased intake from other taxes as a result of the expansion of junior market companies. He indicated that GCT intake grew by 337 percent by junior market companies, with NIS, NHT rising by 100 percent.
“Shaw went on to state that the time for fooling around is long past” we must chart a course to a better future urgently and commended the thrust Prime Minister Holness was pursuing to focussing on growth in an aggressive way. He said that “with 13,000 new hotel rooms to come on stream over the next 5 years that an avenue is being provided for additional goods for the sector to be provided by local goods producers for the sector.”
Shaw commended the joint venture partners and stated that is what he expects to see with a more economically friendly environment that should encourage local production for exports or import substitution.

Eppley’s dominance – Friday

New high for Eppley

Big $79M trade for Eppley

The junior market rose on Friday with 16 securities changing hands, but Eppley dominated trading with 121,667 shares trading unchanged at $650, carrying a value of $79,083,550. Cargo Handlers lost $2 in trading 6,725 shares to close at $68 after first trading at an intraday high of $70.01. The market index gained 27.85 points to close at 2,236.47.
Trading ended with 1,111,273 units traded, valued at $85,439,536, of which 4 stocks rose while 6 declined.
At the end of trading 6 stocks closed with bids higher than their last selling prices and 2 ended with lower offers.
JM sum 12-8-16At the close of trading, Caribbean Cream lost 70 cents with 41,750 shares changing hands, to close at $7.30, Caribbean Flavours traded 3,993 units to close with a loss of 48 cents at $6.52. Caribbean Producers fell 5 cents, in trading 30,015 units at $3.45, Consolidated Bakeries traded 6,262 units, to end at $2.55, General Accident had 30,000 shares changing hands to close 1 cent lower, at $2.08. Honey Bun had 10,050 shares changing hands with a gain of 25 cents, to close at $5.70, Jamaican Teas traded 25,618 units and rose by 50 cents to end at $4. JM Trdng Sht 12-8-16Jetcon Corporation traded 56,590 shares at $2.69, Knutsford Express closed with 6,700 units changing hands at $19.25 after rising by 25 cents. Lasco Distributors ended with 592,109 shares changing hands at $7, Lasco Financial traded 26,419 units and gained 1 cent to close at $3.26, Lasco Manufacturing closed at $4.95 with 61,972 shares trading, but lost 5 cents. Medical Disposables traded 83,038 shares to close at $3 and Derrimon Trading preference share, ended with 8,365 units changing hands at $2.10.