D&G dominates trade as JSE gains

June 13, 2014 by

JSE sum pic 13-6-14There was trading in 25 securities on the Jamaica Stock Exchange with 7 rising and 4 declining as 3,530,162 units changed hands valued at $40,444,650 on Friday with Desnoes & Geddes being the dominant trade with 1.99 million units valued at $9.1 million.Main Market| The JSE Market Index advanced by 164.38 points to close at 70,496.64, the JSE All Jamaican Composite gained 183.80 points to 77,536.24 and only 3 companies in the main market advanced in price and 3 declined.
Gains| Stocks recording gains at the end of trading in the main market are Desnoes & Geddes with 1,986,182 shares changing hands to close with a gain of 35 cents at $4.60, Cable & Wireless with 8,199 units to close with the gain of a cent at 28 cents and Sagicor Real Estate Fund 14,690 shares, in closing 2 cents higher at $6.10.

Firm| The stocks in the main market to close without a change in price are, Berger Paints with 4,890 units in closing at $1.70, Ciboney with 60,000 units and closed at 7 cents, Grace Kennedy had 449,339 units changing hands to close at $54, Jamaica Broilers 25,474 shares and closed at $4.57, Jamaica Money Market Brokers with 41,722 ordinary shares closed at $6.50, Kingston Wharves with 10,000 units, closed at $5.05, Sagicor Group 17,540 shares to close at $9.10, Salada Foods, 5,885 units and closed at $8, Scotia Group saw 156,453 units trading to end at $19.30 and Supreme Ventures 58,900 units landed the closing price at $1.95.
Declines| The number of stocks that declined in the main market are Jamaica Producers with 923 shares changing hands, in closing 20 cents lower at $17, National Commercial Bank having 90,950 shares in closing at $1.48 down to $17 and Scotia Investments with 6,520 shares closing at $24 for a fall of $1.50.

Preference| Jamaica Money Market Brokers (JMMB) 7.50% preference shares traded 78,844 units to close unchanged at $2, JMMB 7.25% preference shares had 141,150 units changing hands to close 5 cents up at $2.50 and JMMB 8.50% preference shares traded 17,000 units to close with a gain of 1 cent at $3.51.
Junior Market| The JSE Junior Market Index inched up by 1.58 points to close at 715.42 as 6 stocks traded with 2 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market are Lasco Distributors with 46,700 shares to close at $1.21 with a gain of 3 cents and Lasco Manufacturing with 21,823 shares to close 1 cent higher at $1.05.

Firm Trades| The stocks in the junior market stocks that traded and closed at the same price as the previous trading day are Caribbean Producers with 76,978 units, closing at $2.65, Consolidated Bakeries 10,000 at 90 cents and Lasco Financial with 50,000 units in closing at $1.15.
Declines| Only one stocks declined in the junior market at the end of trading with Jamaican Teas having 150,000 shares changing hands to close 25 cents down at $3.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , ,

More down than up

June 12, 2014 by

In Thursday’s trading on the Jamaica Stock Exchange, the prices of 6 stocks rose and 8 declined as 26 securities traded resulting in 7,071,691 units trading with a value of $32,284,943.JSE 11-6-14 pic
Main Market| Only 4 companies’ stock advanced and the ordinary shares of 5 companies declined in the main market. The JSE Market Index rose by 292.99 points to 70,332.26 and the JSE All Jamaican Composite index moved 327.61 points to close at 77,352.44.
Gains|Stocks recording gains at the end of trading in the main market are Carreras with 3,705 units changing hands, to close 31 cents higher at $33.50, Grace Kennedy with 2,761 units to close 50 cents higher at $54, Sagicor Group 1,200,000 units to close at $9.10 with a 10 cents gain, Scotia Investments traded 25,400 units to close $1.50 higher at $25.50.
Firm| The stocks in the main market to close without a change in price are Berger Paints with 1,899 units to close at $1.70, Desnoes & Geddes, 25,635 shares to close at $4.25, Hardware & Lumber with 558 units to close at $10, Jamaica Broilers, 24,313 shares to close at $4.57, Margaritaville traded 345 units to close at US$0.11, Salada Foods with 4,115 shares closed at $8.
Jamaica Money Market Brokers 7.50% preference shares traded 181,600 units to close at $2.
Declines| The number of stocks that declined in the main market are Cable & Wireless trading 3,637,905 shares to close at 3 cents down to 27 cents, Jamaica Money Market Brokers 145,570 ordinary shares to close at new 52 weeks low of $6.50 having shed 20 cents, Jamaica Producers 1,839 shares to close 30 cents lower at $17.20, Kingston Wharves 25,502 units to close at $5.05 after shedding 5 cents,
Mayberry Investments 9,250 shares to close 14 cents lower at $1.73, National Commercial Bank with 925,521 shares to close at 2 cents lower at $18.48, the bulk of the trade was done at $17, Pan Jamaican Investment traded only 141 units to close 40 cents lower at $48.10, Sagicor Real Estate Fund with 32,799 shares changing hands, closed 2 cents down at $6.08 and Scotia Group 46,319 units led to a one cent decline, to $19.30
Junior Market| The JSE Junior Market Index advanced by 2.39 points to close at 713.84 as the stocks of 6 companies traded, with 2 advancing and none declining.
Gains| Stocks recording gains at the end of trading in the junior market are Jamaican Teas with 1,200 shares, gained 29 cents to close at $3.50 and Lasco Manufacturing with 87,714 shares gained 2 cents, to close at $1.04.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Caribbean Producers with 80,000 shares to close at $2.65, Consolidated Bakeries with 600,000 shares closing at 90 cents, Derrimon Trading with 3,700 units to close at $2.28 and Lasco Financial that exchanged 3,900 shares, to close at $1.15.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market

Market gives up all of Friday’s gains

June 10, 2014 by

In Tuesday’s trading on the Jamaica Stock Exchange the prices of 7 stocks rose and 6 declined as 25 securities traded resulting in 3,716,481 shares trading valued at $33,409,503.
Main Market| 6 companies in the main market declined as the indices fell with the JSE Market Index having slipped by 387.98 points to 70,095.51 and the JSE All Jamaican Composite index fell 433.82 points to close at 77,087.72, in the process along Monday losses, both indices gave back all the gains enjoyed on Friday in just two trading sessions.
JSE sum 10-6-14Gains| Stocks recording gains at the end of trading in the main market are Jamaica Broilers while gaining 2 cents in trading 55,620 shares to close at $4.57, Kingston Wharves with 13,256 shares to close with a gain of 5 cents at $5.10, National Commercial Bank with 1,658,183 units changing hands as the price gained $1 to close at $18.50, Pan Jamaican Investment with 10,000 shares gained 45 cents to close at $48.50, Scotia Investments 1,667 units with a 10 cents increase to close at $23.10 and Supreme Ventures with 3,000 shares as it gained 5 cents to close at $1.95.
Firm| There were only 5 stocks in the main market and one in the US dollar market to close without a price change with Caribbean Cement trading 3,080 shares in closing at $2.40, Desnoes & Geddes 1,666 shares to close at $4.25, Gleaner with 53,000 units to close at $1.10, Jamaica Money Market Brokers 4,169 ordinary shares in closing at $6.70, Kingston Properties 52,680 shares to close at $4 and Proven Investments with 10,000 ordinary shares, closed at US$0.18.
Declines| The number of stocks that declined in the main market are Cable & Wireless with 521,644 shares while losing 2 cents to end at 27 cents, Carreras with 27,672 to close down 45 cents at $33.01 as the stock traded ex-dividend today with the dividend payment of $1.75 payable on June 26, Hardware & Lumber traded 26,029 units, 50 lower at $10, Sagicor Group traded 5,000 shares for 11 cents less at $9 and Scotia Group closed with a 70 cents loss to $19.30 with 34,138 shares changing hands.
Junior Market| The JSE Junior Market Index inched up by 0.11 points to close at 712.04 as 6 securities traded with 1 advancing and 1 declining.
Gains| Lasco Distributors with 246,510 shares traded with a one cent gain to close at $1.19 was the sole stock to record a gain at the end of trading in the junior market on Tuesday.
Firm Trades| The 4 stocks in the junior market that traded to close at the same price as the day before are Access Financial with 500 units to close at $13.50, Consolidated Bakeries 270,000 shares to end at 90 cents, General Accident 190,221 units to close at $1.50 and Lasco Financial with 51,800 shares in closing at $1.15.
Declines| The only stock declining in the junior market at the end of trading is Lasco Manufacturing with 155,610 shares and closed a cent lower at $1.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market

Market gives back much of Friday’s gains

June 9, 2014 by

JSE -9-6-14.docxIn Monday’s trading on the Jamaica Stock Exchange, the prices of 5 stocks rose and 9 declined as 25 securities traded, resulting in 4,449,542 shares trading valued at $16,025,184. At the end of trading a large portion of the gain the market enjoyed on Friday was given back and two stocks closed at 52 weeks low.

Main Market| The prices of 4 companies in the main market rose and 6 declined as the indices fell as the JSE Market Index dropped 1,509.52 points to 70,483.49 and the JSE All Jamaican Composite index fell 1,687.91 points to close at 77,521.54.

Gains| Stocks recording gains at the end of trading in the main market are Grace Kennedy with 17,745  shares to close with a 50 gain at $54, Mayberry Investments 5,000 shares to close with a gain of 6 cents at $1.87, Sagicor Group with 490,713 units, closed 6 cents higher at $9.11 and Scotia Group with only 1,802 shares closed with a 90 cents gain at $20.

Firm| There were only 5 ordinary stocks in the main market to close without a price change with Berger Paints having 3,799 shares changing hands at $1.70, Desnoes & Geddes 100,000 shares closing at $4.25, Gleaner 210,666 shares closing at $1.10, Jamaica Money Market Brokers with 224,000 shares closing at $6.70 and National Commercial Bank 45,354 shares closing at $17.50.

Preference| The fixed income market saw trading in Jamaica Money Market Brokers 7.50% preference share with 2,320 units closing at $2, Jamaica Money Market Brokers 8.75% preference share 173,050 units in closing at $3.03, Eppley 9.5% preference share 52,600 units to close at $6.10, Proven Investments 8% preference share, 4,000 units to close at $5.09 and in the bond market, Jamaican Teas secured debenture 13,000 units at $100 each.

Declines| The number of stocks that declining in the main market are Caribbean Cement with 121,833 units and closed at 30 less at $2.40, Carreras 50,108 units and closed at down $1.79 at $33.46 the day before the stock traded X dividend with the payment of $1.76, Ciboney 44,000 shares as it closed with a 3 cent loss at 7 cents, Jamaica Broilers 37,273 units and closed at a cent lower at $4.55, Pan Jamaican Investment, 7,400 shares to close down 45 cents at $48.05, Supreme Ventures 55,350 units and closed 10 cents down at $1.90 for a 52 weeks low.

Junior Market| The JSE Junior Market Index declined by 16.48 points to close at 711.93 as 5 stocks traded with 1 advancing and 3 declining and one bond traded.

Gains| Lasco Manufacturing was the sole stock trading in the junior market with 1,635,481 units to close at $1.01 as the price inched up by a cent.

Firm Trades| Consolidated Bakeries with 610,177 units closed at 90 cents as the only stocks in the junior market stocks that traded unchanged in price at the close of trading.

Declines| Stocks declining in the junior market at the end of trading are Caribbean Cream with 266,000 units to close at 70 cents, 5 cents lower at the close, Caribbean Producers traded 72,871 shares and closed 20 cent lower at $2.65 and Lasco Distributors 218,000 units, 14 cents lower at $1.18 a new 52 weeks low.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 10 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market

Scotia, Sagicor & Jamaica Producers dominate

June 6, 2014 by

In today’s tradinJSE sum 06-06g on the Jamaica Stock Exchange the prices of 3 stocks rose and 5 declined as 21 securities traded, resulting in 4,480,674 shares changing hands valued at $60,967,296. Three stocks account for the bulk of trading as the market traded heavily in Scotia Group shares from the start of trading as 952,700 units of the stock were bought up to $22 each at 9.33 in the morning session as Scotia Investments bought all but 81,019 units up to that point. In the end the stock saw trading in 1.4 million units with the price closing back down at the $19 level and an offer at $19.30.  With the early trading in Scotia Group the price gain helped to push the JSE All Jamaican Composite Index 2,475.52 points to 79,451.52 while the JSE Index was up 2,213.90 to 72,209.50.

Main Market| Only the prices of 2 companies in the main market rose and 4 declined as the indices moved up with the JSE Market Index jumping by 1,744.16 points to 71,993.01 and the JSE All Jamaican Composite index gained 1,950.27 points to close at 79,209.45. The big increase was driven primarily by the Scotia Group price movement but with the price ending at $19.10 when trading resumes on Monday the main market indices are likely to drop.

Gains| Stocks recording gains at the end of trading in the main market are Jamaica Producers 433,941 shares with a value of $7,593,968 to close with 50 cents gain at $17.50 and Sagicor Group 2,112,491 shares changing hands at $19,117,659 as the price closed up 5 cents at $9.05.

Firm| There were 10 stocks in the main market to close without a change in price as Berger Paints traded 3,799 shares and closed at $1.70, Caribbean Cement 8,500 units and closed at $2.70, Desnoes & Geddes with 8,379 shares closed at $4.25, Jamaica Money Market Brokers with 24,019 units, closed at $6.70, Kingston Properties traded 7,320 shares to close at $4, Kingston Wharves 2,649 units at $5.05, National Commercial Bank 101,320 shares and closed at $17.50, Sagicor Real Estate Fund 11,420 shares at $6.50, Scotia Group 1,408,904 shares valued at $29,844,734 to close at $19.10 and Scotia Investments 2,000 units as the price closed at $23.

Declines| The number of stocks that declined in the main market are Carreras with 3,325 shares while losing 5 cents to close at $35.25, Grace Kennedy with 3,906 units to close 50 cents down at $53.50, Jamaica Broilers 9,318 shares with the loss of 4 cents to end at $4.56 and Pan Jamaican with 31,595 units as the price slipped back by $1.50 to $48.50.

Junior Market| The JSE Junior Market Index declined by 0.16 point to close at 728.41 as the stocks of only 5 companies traded with one advancing and one declining.

Gains| The only stock gainig at the end of trading in the junior market is Consolidated Bakeries that gained 5 cents to close at 90 cents with 120,000 units changing hands.

Firm Trades| 3 stocks in the junior market stocks that traded to close at the same price as the day before are Lasco Financial with 4,300 units to end at $1.15, Lasco Manufacturing 39,322 shares at $1 and Medical Disposables with 109,387 units to close at $2.

Declines| The only stock declining in the junior market at the end of trading is General Accident with 34,779 units to close at $1.50 with the loss of 2 cents.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.

Filed Under: JSE Main Market

Operating profits up 81% at JMMB

June 6, 2014 by

JMMB_Building600x250

Jamaica Money Market Brokers (JMMB) had their best year ever in the period leading up to the end of March this year, chalking up at 80.7 percent increase in ongoing earnings. The market is not impressed as the stock has been trading down on both Trinidad and Jamaica stock exchanges recently and after the posting of the results.  With profit after tax coming in at $2.8 billion including a $362 million for gains form the purchase of the shares in its fully owned subsidiary which it acquired fully in 2013, the group earned $1.74 per share for the year, placing the PE at 4 times last year’s earnings and around 2.7 times IC Insider projected 2015 earnings. In 2013 JMMB reported $3.74 billion but that was helped considerably by a $2 billion gain from the acquisition of the shares of Capital and Credit Group, without that gain earnings would be just $1.7 billion in that year.

Financial & Related Services contributed profit before tax of $2.62 billion and Banking & Related Services $443 million, these are up from $1.66 billion and just $33 million respectively reported for 2013.

Revenues grow| In a year when they took over the balance of the shares not previously owned by them in Intercommercial Bank in Trinidad, revenues climbed to $15.75 billion from $12.9 billion in 2013 or a 22 percent increase but staff and administrative cost rose from $4.6 billion to $5.67 billion in 2014 for a 12.3 percent increase, well below the growth in revenues but interest cost climbed only 6 percent.

According to the audited financial statements “In the six month period ended 31 March 2014, Intercommercial Bank contributed revenue of J$794,210,000 and net profit of J$156,445,000 to the Group’s results. If the acquisition had occurred on 1April 2013, management estimates that revenue would have been J$1,436,439,000, and net profit for the year would have been J$106,459,000”.

Assets|Total assets climbed to more than $200 billion for the first time ending at $207 billion versus $167 billion at the end of March 2013. A fair bit of the growth came as a result of the acquisition of the shares in the Trinidad bank which contributed $24 billion but with equity capital of just over $18 billion there is some amount of exposure as leveraging is at a high level with customer deposits at $36 billion and repos payable of $143 billion.

JMMB has operations mainly in Jamaica, Dominican Republic and Trinidad and Tobago. This stock stills carries IC Insider Buy Rating.

Filed Under: Company News, Company Results, General Business News, JSE Main Market, Stock Market

Market lost ground

June 5, 2014 by

In today’s trading on the Jamaica Stock Exchange the prices of 9 stocks rose and 7 declined as 26 securities traded resulting in 2,457,435 shares trading valued at $11,593,613.
The JSE Market Index fell by 572.35 points to 70248.85 and the JSE All Jamaican Composite index slipped by 639.99 points to 77,259.18.
Jamaica Producers fell $1.24 to close at $17 as 122,777 units were traded, JMMB lost 30 cents to close at $6.70 while trading 1,210 shares, in spite of an 80 percent jump in ongoing earnings to March this year and Pan Jamaican Investment gained a $1.60 to close at $50 while trading 27,022 units between $49 and $50.
Junior Market| The JSE Junior Market Index declined by 7.63 points to close at 728.57 as 5 stocks traded.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.

Filed Under: JSE Main Market, Stock Market

Ground lost as 9 stocks rose 7 declined

June 5, 2014 by

JSE sum -5-6-14In Thursday’s trading on the Jamaica Stock Exchange the prices of 9 stocks rose and 7 declined as 26 securities traded resulting in 2,457,435 units trading valued at $11,593,613.
Main Market| 8 companies in the main market advanced and 4 declined as the indices moved down with the JSE Market Index falling by 572.35 points to 70248.85 and the JSE All Jamaican Composite index slipped by 639.99 points to 77,259.18.
Gains| Stocks recording gains at the end of trading in the main market are Berger Paints with 3,918 units changing hands as the price lost 4 cents to close at $1.70, Cable & Wireless stock price rose a cent while trading 105,580 shares to close at 29 cents, Carreras had 12,158 shares changing hands to close 5 cents higher at $35.30, Mayberry Investments 81,150 units and the price inched up a cent to close at $1.81, National Commercial Bank 30,740 units, the price was up 3 cents to close at $17.50, Pan Jamaican Investment gained a $1.60 to close at $50 while trading 27,022 units between $49 and $50, Sagicor Group exchanged 127,865 shares to close with a gain of 10 cents at $9 and Salada Foods gained 40 cents to close at $8 as 2,885 shares traded.
Firm| There were only 5 stocks in the main market to close without a change in price as Desnoes & Geddes with 107,900 shares closed at $4.25, Grace Kennedy with 16,026 shares ended at $54, Scotia Group 23,851 traded shares to close at $19.10, Scotia Investments saw trading in only 563 units to close at $23 and Supreme Ventures with 15,000 shares closed at $2.
Declines| The stocks that declined in the main market are Jamaica Broilers with 19,083 shares as the price lost 11 cents to end at $4.60, Jamaica Producers fell $1.24 to close at $17 as 122,777 units were traded, JMMB lost 30 cents to close at $6.70 while trading 1,210 shares, in spite of an 80 percent jump in ongoing earnings to March this year, Sagicor Real Estate Fund had 25,600 units changing hands with a loss of 20 cents to $6.50, Margaritaville fr0m the US dollar market traded 2,000 shares to close with a cent loss at 11 US cents.
 
Preference Shares| The Preference sector continues to exhibit life with 4 listed stocks trading as Eppley 9.5% preference share traded 50,000 units to close up by 8 cents at $6.10, Jamaica Money Market Brokers 7.50% preference share traded 17,200 units to close at $2, Jamaica Money Market Brokers 8.75% preference share traded 888,287 units to close at $3.03 and Jamaica Money Market Brokers 7.25% preference share had 2,500 units changing hands as the price fell 4 cents to $2.45.
 
Junior Market| The JSE Junior Market Index declined by 7.63 points to close at 728.57 as 5 stocks traded with 1 advancing and 2 declining.
Gains| The only stock recording gains at the end of trading in the junior market is Eppley preference share.
Firm Trades| 3 stocks in the junior market stocks that traded to close at the same price as the day before are Access Financial with 2,000 shares to close at $13.50, Caribbean Cream 200,000 shares at 75 cents and Lasco Financial with 7,000 units to close at $1.15.
Declines| The stock declining in the junior market at the end of trading was Lasco Manufacturing with 565,120 shares changing hands at 6 cents lower at $1.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.

 

 

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , ,

Ground lost as 9 stocks rose 7 fell

June 5, 2014 by

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Filed Under: JSE Main Market, Stock Market

Indices up as 7 stocks rise & 7 fall

June 4, 2014 by

JSE Sum -4-6-14In today’s trading on the Jamaica Stock Exchange the prices of 7 stocks rose and 7 declined as 25 securities traded resulting in 1,471,306 shares trading valued at $4,633,311.

Main Market| 6 companies in the main market advanced and 5 declined as the indices gained with the JSE Market Index increasing 588.46 points to 70,821.20 and the JSE All Jamaican Composite index rose 658 points to close at 77,899.17.

Gains| Stocks recording gains at the end of trading in the main market are Carreras trading 10,877 shares to close with a gain of 1.15 cents at $35.25, Grace Kennedy traded 7,000 units and gained 50 cents to close at $54, Jamaica Broilers 6,700 shares to rise by a cent to close at $4.71, Kingston Properties 5,680 units to increase 50 cents to close at $4, Sagicor Group 11,446 shares and gained 15 cents to close at $8.90 and Sagicor Real Estate Fund 9,800 rose 10 cents to close at $6.70.

Firm| The stocks in the main market to close without a change in price are Caribbean Cement with 1,000 shares closing at $2.70 Gleaner with 45,000 shares to close at $1.10, Jamaica Money Market Brokers 7,000 units to end at $7, Jamaica Producers 500 shares to close at $18.24, Cable & Wireless 74,877 shares at 28 cents, Mayberry Investments 140,020 units to close at $1.80, Scotia Investments 944 units and closed at $23 and Supreme Ventures 97,337 shares at $2 at the close.

Declines| The number of stocks that declined in the main market are Kingston Wharves with 8,600 shares while losing 15 cents to end at $5.05, National Commercial Bank lost 3 cents to close at $17.47 with 18,618 units changing hands, Radio Jamaica 31,392 shares to close at $1.29 for a 1 cent decline, Salada Foods 16,000 shares as the price closed 20 cents at $7.60 and Scotia Group 6,400 hares after losing 10 cents to close at $19.10.

Preference Shares| There were two shares in the preference sector to trade, with Jamaica Money Market Brokers 8.75% preference share with 665,425 units trading at $3.03 without change and Proven Investments 8%  preference share 11,500 units to close unchanged at $5.09

Junior Market| The JSE Junior Market Index declined by 1.74 points to close at 736.20 as only 4 stocks traded with 1 advancing and 2 declining.

Gains| Caribbean Producers was the only stock to gain at the end of trading in the junior market as company traded 12,000 units to close with a 20 cents at $2.85.

Firm Trades| Derrimon Trading with 12,500 units and closed at $2.28 and was the sole stock in the junior market that traded to close at the same price as the day before.

Declines| Stocks declining in the junior market at the end of trading are Consolidated Bakeries with 132,000 shares as the price lost 5 cents to close at 85 cents and Lasco Manufacturing traded 138,690 units to close with a 4 cents loss at $1.06.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.

 

Filed Under: JSE Main Market