Caribbean Cream fell $1 to $7 while trading 199,000 units in response to the company posting profit of $19 million in the November quarter, down from $39 million in the same period in 2015. Profit for the year to date is up to $137 million from $124 million in 2015. More trading took place with 1,000 units at $7.50 but 300,000 units were offered at $7.45.
Notwithstanding the sharp fall of Caribbean Cream price, the junior market index rose moderately. The main market index rose as well. In trading elsewhere, Lasco Distributors had 599,260 units trading at $7, 
AMG Packaging hit a new high of $32.55 and Blue Power traded at a new high of $35.50.
Market activity has been moderate so far resulting in 29 securities traded at 10:45 am, compared to 26 on Thursday. A total of 11 securities advanced and 7 declined, resulting in a volume of 1,490,866 shares changing hands, carrying a value of $16,271,265, compared of 1,790,982 shares changing hands, carrying a value of $22,912,791 on Thursday. The average number of shares traded, amount to 51,409 units versus 68,884 units on Thursday.
The all Jamaica Composite Index rose 773.25 points to 211,971.25, the Jamaica Stock Exchange Market Index gained 691.43 points 193,914.56 the Jamaica Stock Exchange combined index climbed 707.44 points to 208,184.58 and the junior market index rose 6.45 points above the record close on Thursday to 2,759.63.
Kremi’s profit fall pushes stock down
January 13, 2017 by
