Juniors closed mixed – Tuesday

Caribbean Cream climbed 40 cents in trading on Tuesday to end at $5.50.

Caribbean Cream climbed 40 cents in trading on Tuesday to end at $5.50.

The junior market closed with the market index closing higher by 11.31 points to end at 2,044.08 with just 724,885 shares trading with a value of $2,996,936 from 14 active securities with 6 advancing 6 declining. Trading is down from the 19 securities traded, accounting for 2,230,238 units valued at $6,146,551, on Monday.
At the end of trading, 7 stocks closed with bids higher than their last selling prices and 2 ended with lower offers.
At the close, AMG Packaging rose 10 cents to end at $12.51 with 100 units changing hands,JM - Sum 12-7-16r CAC 2000 ended with 1,940 shares but lost 10 cents to close at $6.40, Caribbean Cream gained 40 cents with 153,892 shares up from 153,892 units on Monday changing hands to close at $5.50. The company reported a rise of 9 percent in sales to $316 million for the May quarter and a jump of 81 percent in profit to $71 million or earnings per share of 19 cents. Consolidated Bakeries fell 10 cents in trading 71,559 shares to close at $2, Derrimon Trading closed at $3 with 133,163 shares changing hands, General Accident JM Trdng Sht 12-7-16lost 10 cents in trading 38,006 units at $2.05, Honey Bun traded 89,130 shares and lost 5 cents to close at $5.55. Iron Rock Insurance gained 15 cents in trading 49,100 shares and closed at $3.35. KLE fell 5 cents with 9,451 units changing hands at $1.15, Knutsford Express traded 3,336 units changing hands at $14.70, Lasco Distributors traded 2,586 units and rose 5 cents to end at $6.05. Lasco Financial ended with 30,000 shares changing hands, at $3.38, after gaining 23 cents, Lasco Manufacturing closed at $5.01 with 39,074 shares trading and rose 1 cent in the process and Medical Disposables traded 12,232 shares to close with a loss of 40 cents at $3.05.
The volumes for the highest closing bids and lowest offers were not available for publication.

Modest recovery for juniors – Monday

JM signThe junior market closed trading on Monday with more securities participating and more stocks rising than declining than on Friday, but the market index closed higher at the end. The volume of stocks trading amounted to 2,230,238 units valued at $6,146,551, up from 508,544 units valued at $2,291,057 on Friday.
A total 19 securities traded compared to only 14 on Friday leading to 8 stocks advancing and 6 declining on Monday. The market index ended with a gain of 27.08 points and closed at 2,032.77.
At the end of trading, 4 stocks closed with bids higher than their last selling prices and 1 ended with a lower offer.
JM - Sum 11-7-16At the close, AMG Packaging lost 15 cents to end at $12.41 with 18,255 units changing hands, Caribbean Cream gained 10 cents with 153,892 shares changing hands at $5.10, Caribbean Flavours gained 49 cents to close at $7 with 110,167 shares, Caribbean Producers traded 187,110 units with a decline of 8 cents to $3.01. Consolidated Bakeries gained 10 cents in trading 50,700 shares to close at $2.10, Derrimon Trading closed at $3 with 4,905 shares changing hands, General Accident gained 10 cents in trading 4,316 units at $2.15, Honey Bun traded 28,683 shares and gained 9 cents to close at $5.60. Iron Rock Insurance lost 5 cents in trading 21,000 shares and closed at $3.20. ISP Finance Services traded 1,000 shares at $4.10, Jamaican Teas ended with 82,616 shares trading at $3.84, after rising by 4 cents, JM Trdng Sht 11-7-16Jetcon Corporation traded 271,621 units and rose 5 cents to $2.70. K.L.E. Group rose 17 cents with 1,000,000 units changing hands at $1.20, Knutsford Express fell by $2.10 with 200 units changing hands at $14.70, Lasco Distributors traded 1,500 units and rose 18 cents to end at $6. Lasco Financial ended with 130,783 shares changing hands, at $3.15, after falling 7 cents, Lasco Manufacturing closed at $5 with 140,085 shares trading, but lost 3 cents in the process, Medical Disposables traded 2,000 shares to close at $3.45 and tTech ended with 21,405 units trading, to close at $4.

JSE off to slow start – Monday

Jamaica stocks are off to a slow and moderate start to the new week with no trading in junior stocks after more than 44 minutes of opening. Kingston Wharves, however, climbed to a new high of $16.50, but with limited volume.
Cable & Wireless is the sole stock to trade more than 100,000 units with 204,519 shares traded at $1.12, JSE intra 11-07-16Knutsford Express fell $2.10 on small volume to $14.70 and Portland JSX fell 80 cents to $13.20 with 26,892 shares changing hands. Elsewhere, Lasco Distributors that came under selling pressure last week traded a small volume of just 1,500 shares at $6.
The session had low volumes trading overall after 80 minutes of the market’s opening resulting in 22 securities changing hands, accounting for a volume of just 296,560 shares 10 stocks gained and 6 declined. The average number of shares traded amounts to 13,480 units compared to an average of 49,022 units on Friday.
The all Jamaica Composite Index climbed 343.87 points to 177,104.17, the Jamaica Stock Exchange Market Index rose 307.48 points to 159,404.39 the Jamaica Stock Exchange combined index rose by 652.50 point to close at 168,805.05 points and the junior market index gained 35.80 points to 2,041.49.

Portland JSX list gains $1.51

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The Jamaica Stock Exchange suffered another morning of slippage on Wednesday. The latest IPO, Portland JSX was listed at the start of the session after a successful public offering that saw the offer being oversubscribed. The stock opened with a bid to buy 30,000 shares at $12, compared to the IPO price of $11 and later traded 666 units up to $12.51.
JSE intra 06-07-16Caribbean Producers continues to see investors react negatively to news from the company of write down of inventories and restructuring cost, that will hit profits for the company’s fourth quarter, by cutting the price from the $3.90 it fell to on Tuesday, down to $3. Elsewhere Scotia Group traded 107,887 units at $30.51, AMG Packaging fell from $13.10 to $12.41 with 5,854 shares trading while Carib Cement crashed to $22.28 from $25 with 6,750 shares.
The session had low volumes trading overall, after 75 minutes of the market’s opening, resulting in 18 securities changing hands and accounting for a volume of 309,785 shares as 6 stocks gained and 6 declined. The average number of shares traded amounts to 17,210 units, compared to an average of 24,178 units on Tuesday.
The all Jamaica Composite Index dropped 607.16 points to 177,956.81, the Jamaica Stock Exchange Market Index fell 542.91 points to 160,166.80, the Jamaica Stock Exchange combined index declined by 657.15 to close at 170,886.98 points andthe junior market index slipped 14.97 points to 2,175.48.

Juniors end June up – Thursday

Blue Power hit a new high of $15 on Thursday.

Blue Power hit a new high of $15 on Thursday.

The junior market closed trading on Thursday with the market index up by 17.83 points, to close out June at 2,208.16 up 3.4 percent from 2,135.76 points at the end of May. A total of 16 active securities compared to 11 on Wednesday traded but with only 383,501 shares valued at $1,786,848, changing hands on Thursday. At the close, 8 stocks advanced and 3 declined while one closed at a new high.
At the end of trading 9 stocks closed with the bids higher than their last selling prices and 2 ended with lower offers. The market has been trading at the upper end a channel, ranging from 1,900 points to 2,300 points at the top, which is constraining movement in either direction as investors await new sets of company results or some other market moving activity.
JM sum 30-6-16 With the market trading closer to the top than the bottom suggest it is waiting for a break out which the June quarter results could fuel. At the end of trading, Access Financial traded 8,055 shares at $17.40, Blue Power closed at a new high of $15 with 8,000 units trading to gain $1.30, CAC 2000 traded 600 shares but declined 40 cents to end at $6.55, Caribbean Cream gained 14 cents with 9,057 shares changing hands, to close at $5. The out of favour, Caribbean Flavours, lost 44 cents in landing 25,000 shares for buyers at $6.56, Caribbean Producers gained 24 cents with just 5,000 units changing hands, to close at $4.30, C2W Music traded 96,545 shares, to end with a rise of 1 cent at 29 cents, General Accident Insurance closed at $2.05 with 6,045 units trading. Honey Bun gained 10 cents to close at $5.60 with 9,066 units changing hands. JM Trdng Sht-30-6-16Jamaican Teas had only 130 shares changing hands with a gain of 40 cents to end at $3.80, Jetcon Corporation gained 30 cents in trading a mere 100 shares to end at $2.95, Lasco Distributors traded 85,577 units to end at $7.50, Lasco Financial ended with 33,527 shares changing hands at $3.45, for a fall of 4 cents. Lasco Manufacturing closed at $5 with 70,325 shares trading, Medical Disposables traded 26,362 shares to close with a gain of 10 cents, at $3.40 and tTech traded 112 units at $4.

Big hit for juniors on Thursday

The junior market closed trading on Thursday with 14 active securities, while the junior market index fell 26.36 points to 2,215.76 as 5 stocks advanced and 4 declined. Market volume ended at 1,048,182 shares valued at $1,996,575 changing hands.
JM Trdng Sht-23-16At the end of trading 5 stocks closed with the bids higher than their last selling prices and 2 ended with lower offers.
At the end of trading, AMG Packaging gained 12 cents and closed with 3,708 shares changing hands at $13.12, Caribbean Cream traded 4,736 units, to end at $5, Caribbean Producers had 6,680 units trading with a fall of 35 cents to close at $4, Consolidated Bakeries traded 6,700 units to end at $1.85. C2W Music fell 7 cents in trading 695,257 shares at 34 cents, Dolphin Cove eked out a gain of 10 cents while trading 1,799 units at $11.60, General Accident traded unchanged at $2.10, with 9,284 shares changing hands, Honey Bun gained 20 cents to close at $5.70 with 4,000 units changing hand.JM sum 23-6-16 The bid on the stock was at $5.76 at the close, to buy 2,000 units. Jetcon Corporation closed trading with 1,557 shares and gained 14 cents, to end at $2.65, Lasco Distributors traded 16,280 units to end with a loss of 10 cents, at $7.80, Lasco Manufacturing gained by 1 cent to close at $5.01 with 254,504 shares trading. Medical Disposables traded 16,614 shares to close at $3.50 after shedding 10 cents, Paramount Trading ended with 2,000 shares changing hands at $11 and tTech ended with 25,063 units changing hands, to close at $4.

Lasco Manufacturing dominates juniors

Lasco Manufacturing had the largest trade in the junior market on Wednesday

Lasco Manufacturing had the largest trade in the junior market on Wednesday

The junior market closed trading on Wednesday with 15 active securities, while the junior market index fell 10.18 points to 2,242.12 as 3 stocks advanced and 3 declined. Market volume ended at 4,960,144 shares valued at $25,785,964 changing hands as Lasco Manufacturing dominated trading with 86 percent of the trades.
At the end of trading 8 stocks closed with the bids higher than their last selling prices and 2 ended with lower offers. JM sum 22-6-16At the end of trading, AMG Packaging closed with 130,000 shares changing hands at $13, CAC 2000 traded just 1,000 units at $6.70, Cargo Handlers had 4,000 units trading at $46, Caribbean Cream traded 191,729 units, to end with a rise of 1 cent at $5, Caribbean Flavours ended with 9,600 shares changing hands at $7. Caribbean Producers had 19,477 units trading with a fall of 15 cents to close at $4.35, Consolidated Bakeries traded 5,000 units to end at $1.85, JM Trdng Sht-22-6-16Honey Bun closed at $5.50 with 60,695 units changing hands, but the bid was at $5.76 at the close, to buy a small volume. Iron Rock closed trading with 1,000 shares, but fell 3 cents to end at $3.20, Knutsford Express had 2,963 units changing hands at $17.50, Lasco Distributors traded 29,867 units to end with a gain of 2 cents, at $7.90, Lasco Financial closed with a rise of 9 cents, at $3.44 with 216,475 shares changing hands. Lasco Manufacturing declined by 10 cents to close at $5 with 4,264,787 shares trading, Medical Disposables traded 19,630 shares to close at $3.60 after shedding 40 cents and tTech ended with 3,921 units changing hands to close at $4.

Scotia’s big trade – Wednesday

Interest picked up in early Wednesday morning trading on the Jamaica Stock Exchange with as Scotia Group dominated the early trades with 2,291,393 shares at $30.50.
Cable & Wireless had 110,909 units trading at $1.20, Jamaica Broilers Group traded 510,879 units at $14.50, JMMB ICI intra JSE 22-06-16Group had 229,042 ordinary shares trading at $9.80 and AMG Packaging had 124,000 shares changing hands at $13. Salada Foods traded 90,000 shares at $8 and Berger Paints traded 65,938 at $4.38.
The main market recorded gains in the main indices while the junior index incurred a small loss so far.
Trading resulted in activity in 32 securities, accounting for a volume of 3,691,417 shares compared to 965,106 units on Tuesday as 6 stocks gained and 9 declined. The average number of shares traded amounts to 115,357 units compared to an average of 41,961 units on Tuesday.
After 75 minutes of trading in the early morning session, on Wednesday, the all Jamaica Composite Index climbed 290.60 points to 177,608.58, the Jamaica Stock Exchange Market Index gained 259.84 points to 159,855.46, the Jamaica Stock Exchange combined index rose 235.26 to close at 171,384.60 points and the junior market index slipped 0.54 points to 2,251.76.

Trading picks up for juniors – Tuesday

Interest is up for Caribbean Cream with  575,000 units trading on Tuesday to end at $4.99.

Interest is up for Caribbean Cream with 575,000 units trading on Tuesday to end at $4.99.

The junior market made moderate gains at the close of trading on Tuesday with 15 active securities, with the junior market index inching up by 1.99 points to 2,252.30 as 5 stocks advanced and 6 declined. Market volume picked up from Monday’s low level of 775,816 shares valued at $4,015,547 changing hands, compared to 1,016,398 units valued at $4,845,689 on Tuesday.
At the end of trading 4 stocks closed with the bids higher than their last selling prices and 3 ended with lower offers.
At the end of trading, Access Financial Services traded just 100 shares with a gain of 5 cents at $17.40, as the demand for the stock builds but against limited supply.JM sum 21-6-16 AMG Packaging closed with 6,000 shares changing hands at $13, Caribbean Cream came in for good demand in trading 575,551 units, to end with a fall of 1 cent at $4.99, Caribbean Flavours ended with 33,700 shares at $7, Caribbean Producers had 85,069 units trading with a gain of 30 cents to close at $4.50. Consolidated Bakeries traded 100,000 units and rose 5 cents to end at $1.85, Dolphin Cove traded 162 units to close at $11.50. Honey Bun fell 50 cents and closed at $5.50JM Trdng Sht-21-6-16 with 43,782 units changing hands, Jamaican Teas closed trading with 1,048 shares, but fell 9 cents to end at $3.71, Lasco Distributors traded 10,675 units to end with a loss of 7 cents, at $7.88. Lasco Financial closed with a loss of 9 cents, at $3.35 with 7,850 shares changing hands, while Lasco Manufacturing gained 1 cent to close at $5.10 with 82,961 shares trading. Medical Disposables traded 53,500 shares to close at $3.60 after shedding 40 cents, Paramount Trading closed with a gain of 1 cent at $11 with 6,000 shares changing hands and tTech ended with 10,000 units changing hands to close at $4.

Juniors had quiet – Monday

JM sum 20-6-16Trading in junior market closed with 13 active securities, with overall volume traded remaining low leading to only 775,816 shares valued at $4,015,547 changing hands on Monday. At the close 3 stocks advanced and 2 declined and the junior market index fell 4.72 points to 2,250.31.
At the end of trading 6 stocks closed with the bids higher than their last selling prices and 4 ended with lower offers.
At the end of trading, AMG Packaging closed with 2,128 shares changing hands at $13, CAC 2000 traded 3,135 shares at $6.70, Caribbean Cream traded 13,843 units to end with a gain of 20 cents at $5, the stock was offered at $4.99 at the close, to sell 50,000 units, Dolphin Cove traded 8,338 units to close at $11.50. JM Trdng Sht-20-6-16Honey Bun closed at $6 with 27,574 units changing hands, ISP Finance traded 31,499 units to close at $4.10, Jamaican Teas closed trading with 1,400 shares at $3.80, Jetcon traded 15,424 shares and gained 1 cent at $2.51, Lasco Distributors traded 105,769 units to end with a loss of 3 cents, at $7.95. Lasco Financial closed unchanged at $3.44 with 79,427 shares changing hands, while Lasco Manufacturing gained 4 cents and closed at $5.09 with 392,314 shares trading, Medical Disposables traded 2,000 shares to close at $4 and tTech ended with 92,965 units changing hands but fell 5 cent to close at $4.