Activity on the Junior Market closed with 5 securities trading and ending with just 67,673 units changing hands valued at a mere $109,559. The JSE Junior Market Index remained unchanged at 732.52, with no prices changing at the close.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 1 with a lower offer. The junior market ended with 4 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, AMG Packaging had 10,000 shares trading at $2.26, Blue Power closed at $7.51 with 3,400 shares changing hands, Consolidated Bakeries traded 990 shares at 82 cents, Lasco Distributors 10,000 shares traded between $1.43 and Lasco Manufacturing traded 43,283 shares and closed at $1.07.
Juniors record no price change
Junior market trading picks up
Activity on the Junior Market closed with 9 securities trading and ending with units changing hands valued at $1,843,466. The JSE Junior Market Index declined 9.51 points to close at 732.52, with the price of 3 stocks advancing and 4 declining.
At the close of the market, there was only 1 stock with the bid higher than the last selling prices and 1 with a lower offer. The junior market ended with 4 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, Caribbean Producers had 100,000 shares trading at $2.32 with a gain of 1 cent, General Accident Insurance closed at $1.82 with 1,765 shares changing hands, Honey Bun gained 2 cents in trading 28,300 shares to end at $1.82. Consolidated Bakeries traded 37,388 shares at 82 cents, Lasco Distributors 525,321 shares traded between $1.43 and $1.46 to close at $1.43.
Access Financial traded 800 units and lost 1 cent to end at $13.20, Caribbean Cream had 79,230 units changing hands between 65 cents and 75 cents and ended 10 cents lower at 65 cents. Lasco Financial Services 631,000 units traded at the close at $1.08 after losing 7 cents but traded as high as $1.10. Lasco Manufacturing traded 26,717 shares between $1.07 and $1.10 and closed at $1.07 with a loss of 6 cents.
Juniors make slight gain Monday
Activity on the Junior Market closed with 7 securities traded ending with units 3,116,855 changing hands valued at $3,021,677. The JSE Junior Market Index declined 0.76 points to close at 742.03, with the price of 3 stocks advancing and 1 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with a lower offer. The junior market ended with 5 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Cream in only one trade ending with 2,500,000 units changing hands for 10 cents higher at 75 cents. Paramount Trading ended with 15,000 shares trading at $3.57, to gain 2 cents. General Accident Insurance had 282,299 shares trading at $1.70, to decline by 1 cent, Lasco Distributors ended with 26,000 shares trading at $1.43, Lasco Financial Services with 28,300 units at $1.15, Lasco Manufacturing 215,456 units at $1.13 and Eppley 9.5% preference share trading 49,800 shares and gained a cent to end at $6.01.
Low junior market activity on Friday
The Junior Market closed out the week with very low activity as just 3 securities traded compared to 9 on Thursday, ending with 226,263 units changing hands valued at $227,820. The JSE Junior Market Index is up 0.53 points to close at 741.27, with the price of none advancing, 1 declining and 1 remaining unchanged from the last traded prices on Thursday.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Some buyers have backed off their bids with the interested party in AMG Packaging dropping the bid that was at $2.50 up to Thursday. The bid is now back at $2.26 the last price the stock traded at Caribbean Cream closed with the bid for 73,530 shares at 68 cents 3 cents higher than the last price of 65 cents. Offers for the stock are over $1.
Stocks trading in the junior market are, Consolidated Bakeries trading 101,388 shares in closing at 82 cents, Knutsford Express had 896 shares trading at $5.80 and Lasco Manufacturing traded 123,979 units and lost 3 cents to $1.10.
CPJ trades 1.74m shares
Activity on the Junior Market ended with 9 securities traded, comprising 2,201,563 units changing hands, valued at $4,588,656, Caribbean Producers dominated trading with more than 1.74 million units to close at $2.31 in only two trades as the stock gained 1 cent. The JSE Junior Market Index declined 7.17 points to close at 740.74, with the price of 6 stocks advancing and 2 declining and 1 remained unchanged.
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 ended with 5 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, Caribbean Cream trading 25,055 shares at 65 cents as the price rose by 5 cents. Caribbean Flavours had 10,968 units changing hands, 5 cents higher at $1.85, Derrimon Trading put through 15,000 shares at $2.04, Honey Bun traded 10,000 shares but lost 11 cents in closing at $1.80. Lasco Financial Services had 15,000 units trading 5 cents higher, at $1.15, Lasco Manufacturing traded 352,851 units for 7 cents more at $1.13, Medical Disposables put through 27,000 shares in trading and ended up 4 cents better off at $1.80 and Paramount Trading had 4,905 units changing hands at $3.55 for a 55 cents fall.
Volume up for juniors Wednesday
Knutsford Express stock price, gained in trading as investors responded positively to 9 months’ results.
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 4 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale. There has developed a widening gap between most bids and offers as investors have a standoff between where the stocks last traded and where those wanting to sell are prepared so to do. Improving profit out turn has made the situation worse.
Stocks trading in the junior market are, Knutsford Express fresh from reporting a 92 percent increase in pretax profits for the February quarter and 45 percent for the nine months, to $48.5 million, the stock gained 40 cents in closing at $5.60, having traded 87,603 shares. Caribbean Producers trading 993,178 as high as $2.35, closed at $2.30 for a 10 cents decline, General Accident Insurance had 224,010 units changing hands at $1.71 for 1 cent gain, Lasco Distributors gained 3 cents in trading 14,800 and closed at $1.43 and Lasco Manufacturing had only 12,230 shares trading to end at $1.06.
4 juniors up 2 down on Tuesday
Activity on the Junior Market closed with 6 securities traded ending with 149,771 units changing hands valued at $179,558. The JSE Junior Market Index gained 4.29 points to close at 732.18, with the price of 4 stocks advancing and 2 declining.
Stocks trading in the junior market are, Access Financial Services traded 200 shares at $13.21, as the price eased 1 cent, Caribbean Cream closed trading with 10,000 shares, to end with a 5 cents decline at a new low of 60 cents. The stock was initially recorded as trading at 76 cents at the start of market, but that trade was eventually cancelled, as the price it attempted to trade at, was in excess of 15 percent initially permitted, effectively triggering the initial circuit breaker and thus the freeze.
Trading in the stock was suspended for an hour before it was permitted to trade again. At the close there was a bid to buy 47,000 units at 60 cents.Caribbean Producers traded only 100 shares at $2.40, Lasco Distributors saw 51,418 units changing hands at $1.40 to gain 3 cents, Lasco Financial Services had 84,053 units trading to close at $1.10, after gaining a cent, after trading as high as $1.15 and Lasco Manufacturing put through 4,000 shares at 1.06 to gain 1 cent.
The market closed with AMG Packaging having a bid for 41,000 shares to buy at $2.50, compared to a last sale of $2.26.
7 junior stocks set to rise
The bid on AMG is at $2.50 v $2.26 last sale, after reporting a 35% rise in profit.
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 1 with the offer that was lower. The junior market ended with 5 securities closing with no bids to buy and 12 securities that had no stocks being offered for sale. Noted amongst the stocks with higher bids are AMG Packaging with a bid of $2.50 against the last selling price of $2.26. The company reported 35 percent increase in 6 months profit and an even greater increase in the November quarter Caribbean Cream reported increased profit for the full year and the February quarter of $49 million or 13 cents for the twelve months and 5 cents for the quarter or $18 million. .
The bid for the stock is 66 cents versus the last price of 65 cents. Caribbean Flavours, Lasco Financial, Lasco Manufacturing and Medical Disposables all have bids higher than the last selling prices. The three Lasco companies should be reporting full year results at the end of April.Stocks trading in the junior market are, Cargo Handlers that gained 10 cents in trading 2,200 shares, to close at an all-time high of $20.10. Caribbean Producers with 2,100 units put on 5 cents to $2.35, Jamaican Teas gained 2 cents to end at $2.55 while trading 11,606 shares, 15,400 Lasco Distributors’ shares traded at $1.37 and Lasco Manufacturing lost 5 cents in closing at $1.05 while trading 63,531 shares.
Juniors still cannot pull out traders
Activity on the Junior Market closed with 3 securities traded ending with 152,220 units changing hands valued at $179,347. The JSE Junior Market Index declined 0.09 points to close at 732.58, with the price of no stock advancing and 2 declining.
While there is only a limited amount of securities that have traded, what is of import is the increased number of stocks closing with higher bids than the last selling prices, coupled with the lack of volume for nearly half of the listings, a pretty clear indicator for rising prices ahead.
At the close of the market, there were 8 stocks with bids higher than their last selling prices and 1 with the offer lower. The junior market ended with 5 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services trading 900 shares at $13.22, Jamaican Teas lost 2 cents in closing at $2.53 with only 1,720 shares changing hands and Lasco Financial Services trading 150,000 shares in closing at $1.09.
Investors selling less junior stocks
Activity on the Junior market closed with only 3 securities trading and ending with 69,733 units changing hands valued at $96,919 due to a combination of less and less stocks being offered for sale and investors trying to hold out at prevailing buy prices.
The JSE Junior Market Index advanced 1.69 points to close at 732.67, with the price of 2 stocks advancing and none declining.
At the close of the market, there were 8 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 5 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, General Accident Insurance gained 5 cents to $1.70 with 15,000 shares Lasco Financial traded 110,00 shares at $1.10 while putting on 1 cent and Jamaican Teas had 7,733 shares changing hands at $2.55.