Carib Producers tops trading

CaribbeanProducers(CPJ)600X250 Trading picked up on the Junior Market with 7 securities trading, and ended with 8,635,658 units changing hands valued at $25,070,304 as Caribbean Producers accounts for the majority of the volume and value of trades. The JSE Junior Market Index gained 11.91 points to end at a new closing high of 912.66, with the price of 2 stocks advancing, 1 declining and 1 closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and only 2 with lower offers. The junior market ended with 3 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale.
JM 4-6-15 chtStocks trading in the junior market are, Caribbean Producers traded 7,617,000 units to close at $2.88, after it traded earlier in the trading session at $3. General Accident Insurance concluded trading with just 5,822 shares changing hands to end at $2, Jamaican Teas ended with 150,000 shares trading unchanged at $3.50, Lasco Distributors traded 322,540 shares at $1.70, Lasco Financial Services finished trading with 216,350 units, 5 cents at an all-time high of $1.86. There was dealing in 69,846 Lasco Manufacturing’s shares as the stock traded lower by 2 cents to $1.38 and Derrimon Trading 9.5% preference share closed trading with 254,100 units at $2.50.

All-time high of 900 for Junior Market

Lasco Financial Services stock closed at a new high of $1.81 on Thursday.

Lasco Financial Services stock closed at a new high of $1.81 on Thursday.

Trading picked up on the Junior market with 11 securities trading and ended with 1,082,691 units changing hands valued at $ 4,067,238. The JSE Junior Market Index gained 12.28 points to close at an all-time high of 900.75, with the price of 7 stocks advancing and 1 declining and 4 closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and only 2 with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
In trading ended with three stocks closing at 52 weeks’ highs while, Access Financial traded just 350 units at $17 but the offer closed at $16.98. Cargo Handlers finished trading with 102,900 units, to close with a gain of 19 cents at a new all-time high of $22.48, the stock closed with a bid at $23 to purchase 100,000 units, Caribbean Cream ended with 237,955 units trading at a new 52 weeks’ high of $2.35. Caribbean Flavours ending with 155,333 shares at $2.08 to gain 8 cents, Caribbean Producers with only 9,671 shares trading lower by 2 cents to $2.78, General JM 03-6-15Accident Insurance concluded trading with 24,200 shares changing hands to close at $2, Lasco Distributors traded 73,366 shares, 4 cents higher at $1.70, Lasco Financial Services finished trading with 277,000 units, the price rose 16 cents to $1.81, for a new all-time high. There was dealing in 43,000 Lasco Manufacturing’s shares as the stock closed unchanged at $1.40, Medical Disposables contributed 143,000 shares with the price rising 5 cents, to $2, Paramount Trading ended with 15,916 shares to increase of 2 cents to $3.97.

16 junior stocks traded 9 up 2 down

Caribbean Cream traded over 700,000 shares and closed at a new all time high on Tuesday

Caribbean Cream traded over 700,000 shares and closed at a new all time high on Tuesday

Trading on the Junior Market was one of the busiest for sometime with 16 securities trading resulting in 1,938,775 units changing hands valued at $1,312,464. The JSE Junior Market Index gained 17.19 points to close at 888.47, with the price of 9 stocks advancing, 2 declining and Caribbean Cream, Cargo Handlers and Derrimon Trading preference stock closing at new a 52 weeks’ high, Lasco Financial traded at an intra-day high.
At the close, there were 5 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial trading 500 shares to close at $17, AMG Packaging ending with 800 shares changing hands to close higher by 1 cent at $3.20, Blue Power closed with 6,350 shares trading at $9.50, Cargo Handlers finishing with 205,972 units, closed at a new high of $22.29, after gaining a cent. Caribbean Cream traded 703,034 units to end at $1.25 to gain 10 cents, Caribbean Flavours closed trading with 8,581 shares but lost 5 cents to end at $2, Caribbean Producers with 59,329 shares traded unchanged at $2.80, General Accident Insurance concluded trading with 30,000 shares changing hands to close 10 cents Higher at $2. Honey Bun traded 11,973 units at $2.69 after adding 7 cents. JM 2-6-15Jamaican Teas had 10,000 shares changing hands at $3.50, Lasco Distributors traded 62,000 to close 6 cents higher at $1.66, Lasco Financial Services finished trading with 622,000 units, between $1.60 and $1.71 but the price lost 2 cents to $1.65. There was dealing in 201,993 shares of Lasco Manufacturing, the stock closed with an 11 cents rise to $1.40, Paramount Trading ended with just 2,543 units changing hands to gain 15 cents to $3.95, Derrimon Trading 11.75% preference share saw trading in just 900 units with a 25 cents gain to $2.50 and Eppley 9.5% preference share had 12,800 units trading at $6.01.

2 junior stocks rose & 2 fell

Trading on the Junior Market ended with 7 securities trading and 935,632 units changing hands valued at $1,312,464. The JSE Junior Market Index declined 0.65 points to close at 871.28, with the price of 2 stocks advancing, 2 declining and Lasco Financial Services closing at new a 52 weeks’ high.
JM 1-6-15At the close, there were 5 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers finishing with only 594 units to close at $22.28, Caribbean Flavours closed trading with 1,667 shares and gained 5 cents to end at $2.05, Caribbean Producers with 43,000 shares trading closed unchanged at $2.80, General Accident Insurance concluded trading with 365,459 shares changing hands to close 12 cents lower at $1.90 but traded as low as $1.70 during the day. KLE Group traded 449,167 units at 75 cents after losing 9 cents, Lasco Financial Services finished trading with 43,000 units, the price gained 1 cent to $1.67. There was dealing in 32,745 Lasco Manufacturing’s shares as the stock traded unchanged at $1.29.

Juniors trade 8.66 million shares

Caribbean Cream traded 5.3 million shares with the audited accounts showing profit rising 62%.

Caribbean Cream traded 5.3 million shares with the audited accounts showing profit rising 62%.

Caribbean Cream was the dominant trade on Thursday on the Junior Market with 5.3 million units as investors responded positively to the company’s audited results showing a 62 percent increase in profit versus 40 percent shown in the preliminary interim report that was released previously. Also trading in large volume was Caribbean Producers with 2.7 million shares.
Trading ended with 9 securities being active and cumulating in 8,660,524 units changing hands valued at $14,662,200. The JSE Junior Market Index gained 1.53 points to close at 871.93, with the price of 5 stocks advancing and only 1 declining and 1 closing at 52 weeks’ high.
At the close of the market, there were 8 stocks with bids higher than their last selling prices and none with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Caribbean Producers with 2,723,803 shares trading, ended lower by 10 cents to $2.80, JM 29-5-15In trading, Caribbean Cream closed with 5,300,365 units trading, the price rose by 5 cents to $1.15. Blue Power closed with 19,573 shares trading unchanged at $9.50, Cargo Handlers finished with 1,000 units to close at $22.28, Dolphin Cove finished trading with 4,333 shares at $10.25 with a gain of 25 cents. Jamaican Teas had activity in 15,000 shares and closed unchanged at $3.50, KLE Group traded 135,446 shares for 9 cents higher, at 84 cents, Lasco Financial Services traded 250,000 units at a new closing all-time high of $1.66, after adding 9 cents and Lasco Manufacturing ended trading with 211,004 units, the price rose 4 cents to close at $1.29.

Lasco Financial at new high

Mayberry buys more Lasco Financial shares on Thursday as the stock traded at an all-time high of $1.68.

Mayberry buys more Lasco Financial shares on Thursday as the stock traded at an all-time high of $1.68.

Lasco Financial Services traded at a new all- time high of $1.68 during the trading session on Thursday. Fairly heavy trading in the stock within minutes of the close, saw 1,483,076 units changing hands and the price slipping to $1.57 for a new closing high, two days after Mayberry bough 20 percent of the company and after the company reported profits of $190 million or 15.5 cents per share for the year to March. Mayberry bought additional shares for their own account by way of crosses towards the end of trading, leaving no stock on offer at the close.
Trading ended on the Junior Market with 9 securities changing hands, and ended with a total of 1,913,100 units valued at $2,968,161. The JSE Junior Market Index gained 1.68 points to close at 870.40, with the price of 3 stocks advancing and 3 declining and 1 closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
The other stocks trading in the junior market are, Caribbean Cream with 200,000 shares changing hands to close unchanged at $1.10, JM cht 28-5-15Caribbean Flavours & Fragrances finished trading with 3,000 shares to close unchanged at $2, Caribbean Producers with 1,000 shares trading, ended lower by 9 cents at $2.90, General Accident Insurance traded just 100 units at $2.02 and lost 2 cents. Jamaican Teas traded with 25,000 shares changing hands to close 10 cents higher at $3.50, with results released for the company, the supply that was overhanging the market has disappear with only offers between $4 and $5.50 for a total of 50,000 shares in the market. Lasco Distributors traded 44,266 shares, unchanged at $1.60, Lasco Manufacturing traded 148,658 shares as the stock traded lower by 2 cent to $1.25 and Medical Disposables had 8,000 units changing hands at $1.95.

Lasco Financial at new high

LascoFinancialServices_logo280x150 Lasco Financial closed at a new 52 weeks’ high of $1.50, the day after Mayberry bough their holdings in the company to 20 percent. At the close, Lasco Financial had no stocks on offer while there were 20,000 units on the bid at $1.25. The Junior Market ended with 11 securities trading resulting in 1,986,233 units changing hands valued at $2,961,054. The JSE Junior Market Index gained 12.29 points to close at 868.72, with the price of 4 stocks advancing and 4 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services trading just 749 shares to close with the price unchanged at $17. AMG Packaging ending with 1,200 shares changing hands, 6 cents lower, at $3.19, Blue Power closed with 14,796 shares trading at $9.50, Caribbean Cream finished with 380,000 units to close with a gain of 2 cents at $1.10. JM cht 27-5-15Caribbean Producers with 1,000 shares trading closed lower by 1 cent at $2.99. Dolphin Cove finished trading with 6,434 units as the price remained unchanged at $10, General Accident Insurance concluded trading with 24,934 shares changing hands, 6 cents lower at $2.04, KLE Group traded at a new low of 75 cents while dropping 24 cents, with 100,000 units trading. Lasco Distributors traded 300,268 units at $1.60 to gain 5 cents, Lasco Financial Services traded 1,119,279 shares at a new 52 weeks’ high of $1.50, to gain 20 cents and Lasco Manufacturing traded 37,573 units with a gain of 2 cents to $1.27.

Mayberry takes 20% of Lasco Financial

Mayberry buys 20% of Lasco Financial Services on Tuesday.

Mayberry buys 20% of Lasco Financial Services on Tuesday.

Mayberry Investments bought 244,505,426 shares in Lasco Investments over the stock exchange floor today to be the dominant trade on the Jamaica Stock Exchange. Lascelles Chin was the major seller with 218,797,608 units, leaving approximately 160 million units directly in his name.
Joel Izquierrdo Gonzalez who had 14,515,000 shares seems to have disposed of his holdings as well, Mayberry crossed another 10 million units to cement the major part of the trade for the day. Chin confirmed the sale and indicated that Mayberry now has 20 percent and it’s a win, win proposition for both entities. Lasco Financial has 1,228,102,990 Ordinary shares of no par value that are issued. Lasco just reported full year reulsts with profit of $189.5 million just up from $178.2 million in 2014, the company reported just $10 million profit in the last quarter to March versus $41 million in the same period in 2014.Mayberry previously owned around 39 percent of Access Financial Services which they divested last year for approximately $1 billion. Some of the funds are being invested in this and other entities. It could well be that Mayberry will eventually buy more shares in the company.
Elsewhere in trading pick on the Junior Market with 11 securities trading, and ended with 245,363,622 units changing hands valued at $315,546,759. The JSE Junior Market Index declined 21.64 points to close at 856.43, with the price of 2 stocks advancing and 6 declining.
At the close of the market, there were only 2 stocks with bids higher than their last selling prices and 4 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services ending JM 26-5-15with 61,836 shares changing hands 10 cents lower at $17, Blue Power closed with 1,700 shares trading at $9.50, in losing 30 cents. Caribbean Cream finished with 81,200 units with a loss of 11 cents at $1.08, Caribbean Producers with 51,724 shares trading, was unchanged at $3, General Accident Insurance concluded trading with 187,684 shares changing hands to close 7 cents lower at $2. Honey Bun finished trading with just 500 shares to close 11 cents higher, at $2.62, Knutsford Express Services ended with 3,437 shares unchanged at $6. Lasco Distributors traded 289,032 shares, 15 cents lower, at $1.55, Lasco Financial Services finished trading with 244508476 units in total between $1.28 and $1.45 to settle at $1.30, there were 170,033 shares of Lasco Manufacturing traded to close lower by 5 cent at $1.25 and 8,000 Paramount Trading shares traded at $3.80 for a 4 cents gain.

More junior stocks up Friday

Consolidated Bakeries closed at a new 52 weeks' high on Friday

Consolidated Bakeries closed at a new 52 weeks’ high on Friday

Trading on the Junior Market defied the negative indication that the bid offer ratio showed at the close of trading on Thursday as 10 securities trading and ended with 673,874 units changing hands valued at $2,280,199. The JSE Junior Market Index advanced 14.93 points to close at 878.07, close to mid-day the junior market index had gained 20.52 points. with the price of 4 stocks advancing and 3 declining. Consolidated Bakeries closed at a 52 weeks’ high in response to a 203 percent increase in profit in the March quarter from a 14.3 percent increase in sales.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 4 with lower offers. The junior market ended with 3 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 38,164 shares JM 22-5-15changing hands to close higher by 10 cents at $17.10, Cargo Handlers finished with 36,944 units to close at $22.28, Caribbean Cream had just 800 shares trading, lost 1 cent to end at $1.19, Caribbean Flavours ended trading in 8,000 shares with the price falling 10 cents to $2, Consolidated Bakeries closed with a 15 cents increase as 307,613 units traded to land at $1.15. General Accident Insurance concluded trading with 79,105 shares changing hands 7 cents higher at $2.17, Knutsford Express traded just 100 shares at $6, Lasco Distributors traded 5,500 shares, 5 cents higher, at $1.70. Lasco Financial Services finished trading with 184,648 units, the price slipped 1 cent to $1.30 and there was dealing in 13,000 Lasco Manufacturing’s shares to close at $1.30.

Junior market set to slip more

Caribbean Cream was the only stock to rise on Thursday

Caribbean Cream was the only stock to rise on Thursday

Trading on the Junior Market closed with only 7 securities trading, and ended with a mere 565,971 units changing hands valued at $949,659. The JSE Junior Market Index declined 12.70 points to close at 863.14, with the price of only 1 stock advancing and 3 declining with no stock closing at 52 weeks’ high.
The market seems set to fall on Friday with several stocks closing with lower asking prices than the last selling prices. At the close of the market, there were 3 stocks with bids higher than their last selling prices and 7 with lower offers. The junior market ended with 3 securities closing with no bids to buy 6 securities that had no stocks being offered for sale.
JM cht 21-5-15Stocks trading in the junior market are, Caribbean Cream finishing with 8,500 units to close with a gain of 1 cent at $1.20 but ended with the offer at $1.15, to sell 130,000 units. Caribbean Producers with 93891 shares trading, closed lower by 15 cents at $3, Consolidated Bakeries finished trading with 3,334 shares to closed unchanged at $2.04, General Accident Insurance concluded trading with 2,000 shares changing hands to close 7 cents lower at $2. Lasco Distributors traded 219,108 shares at $1.65, Lasco Financial Services finished trading with 181,412 units at $1.31. There was dealing in 57,726 Lasco Manufacturing’s shares as the stock traded lower by 7 cent to $1.30.