Lasco Distributors dominates

Lasco Dist build The junior market had a big day of trading on Thursday as Lasco Distributors dominated trading with 10.5 million units, the market index fell 11.27 points to 2,454.09, putting the gain for the year to date to 37 percent.
Paramount Trading share price was adjusted to reflect the 10 for 1 stock split approved by the company at the end of October, no trading took place on Thursday.
At the close of trading 16 securities traded, up from 12 on Wednesday, resulting in 4 stocks advancing and 7 declining. Market activities ended with 5 securities closing with bids higher than their last selling prices and none ending with a lower offer.
ICI Jm sum 10-11-16Trading volume had a sharp jump of 477 percent from Wednesday’s levels, ending with 11,250,424 units changing hands, valued at $76,439,888, up by 462 percent from $13,610,614 on Wednesday.
An average of 703,152 units with an average value of $4,777,493 traded, compared to 162,369 units with an average value of $1,134,218 on the preceding trading day. The average for the month to date is 176,619 units at $1,120,425 compared to 129,138 units at $709,705 for October.
In trading activity, Access Financial lost 94 cents in trading 7,771 shares to end at $2.06, AMG Packaging climbed 30 cents and ended with 5,500 shares changing hands at $19.80, Cargo Handlers ended with 2,400 shares changing hands at $12, Caribbean Cream closed with 19,956 shares changing hands and lost 20 cents to $7.80. Caribbean Flavours closed trading with 1,430 units and gained 11 cents to close at $8.51, Consolidated Bakeries traded 3,805 shares to end at $2.50, C2W Music traded 650 shares to end at 23 cents, ICI Jm trds 10-11-16Dolphin Cove closed with 2,000 units changing hands at $15.29 but lost 20 cents in the process. Honey Bun with 18,825 shares changing hands lost 10 cents and closed at $6, Jamaican Teas traded 18,100 shares to close at $3.90 with a fall of 10 cents, Jetcon Corporation traded 38,928 shares and gained 25 cents in closing at $5. Knutsford Express traded 714 shares at $22, Lasco Distributors ended with 10,502,964 shares trading at $6.90, after easing by 10 cents, Lasco Financial ended with just 1,000 shares changing hands to close at $3.13, Lasco Manufacturing rose 5 cents and closed at $4.90 with 304,871 shares changing hands and Medical Disposables traded 321,510 units but dropped 40 cents to $4.60.

Juniors jump sharply on Wednesday

Paramount closed at a new high of $34 on Wednesday.

Paramount closed at a new high of $34 on Wednesday.

The junior market enjoyed moderate trading on Wednesday but closed with the market index jumping 55.40 points to 2,465.36 putting the gain for the year to date to 38 percent. Trading in Paramount Trading shares resulted in a new record close for the stock of $34 with 12,530 shares changing hands with a gain of 95 cents one day before the stock split of 10 to 1 takes effect.
At the close of trading 12 securities traded, the same as on Tuesday, resulting in 4 stocks advancing and 3 declining, including 1 that traded at an all-time high. Market activities ended with 3 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
ICI Jm sum 9-11-16Trading volume rose 54 percent from Tuesday’s levels, ending with 1,948,431 units changing hands, valued at $13,610,614, up by 111 percent from $6,437,908 on Tuesday.
An average of 162,369 units with an average value of $1,134,218 traded, compared to 105,747 units with an average value of $536,492 on the preceding trading day. The average for the month to date is 101,400 units at $597,986 compared to 129,138 units at $709,705 for October.
In trading activity, AMG Packaging climbed $1 and ended with 49,610 shares changing hands at $19.50, Blue Power closed with 10,100 units changing hands at $21.56. ICI Jm trds 9-11-16CAC 2000 traded 8,500 units and closed at $4, Cargo Handlers ended with 3,245 shares changing hands at $12, Caribbean Producers closed trading with 41,280 units and lost 38 cents to close at $3.12. C2W Music traded 3,057 shares but fell 2 cents to end at 23 cents, Derrimon Trading closed with 4,000 units changing hands at $4.80, Jetcon Corporation traded 15,900 shares and gained 10 cents in closing at $4.75. Lasco Distributors ended with 1,540,643 shares trading at $7, after trading at a low for the day of $6.40. Lasco Financial gained 23 cents and ended with 158,269 shares changing hands to close at $3.13 and Lasco Manufacturing fell 5 cents and closed at $4.85 with 101,297 shares changing hands.

Juniors just 19 points from record – Wednesday

Paramount Trading closed at a new all-time high of $27.

Paramount Trading closed at a new all-time high of $27.

Trading closed on the junior market just 18.66 points away from the previous record close on October 10 with the number of advancing stocks just edging out decliners, pushing the market index up by 20.57 points to 2,459.12, up 37 percent year to date.
Trading volume rosed 47 percent from Tuesday’s levels, ending with 521,462 units changing hands, while value traded, climbed 64 percent to $7,467,867 from $4,566,702 on Tuesday. Wednesday’s trades include 30,000 units of Jamaican Teas bond with a value of $3 million.
An average of 27,445 units with an average value of $393,046 traded, compared to 65,446 units with an average value of $304,447 on the preceding trading day. The average for the month to date is 46,446 units at $348,746 compared to 129,138 units at $709,705 for October.
ICI Jm sum 2-11-16At the close of the market on 19 securities traded, versus 15 on Tuesday resulting in 6 stocks advancing and 4 declining. Market activities ended with 9 securities closing with bids higher than their last selling prices and 2 ending with lower offers. One stock closed at a new high and one traded at an intraday high.
In trading activity, AMG Packaging ended with 51,684 shares changing hands at $18.50, Cargo Handlers ended with 127,729 shares changing hands at $11 but traded at an intraday high of $12.50. Caribbean Cream closed with 102,300 shares changing hands and lost 46 cents to end at $7.06, Caribbean Flavours traded 17,460 units and gained 2 cents to end at $8.40. Caribbean Producers closed trading with 1,297 units at $3.65, C2W Music closed with 12,000 units changing hands and gained 1 cent to close at 25 cents, Dolphin Cove traded 480 units and jumped $2.79 to $15.29, General Accident Insurance fell 2 cents in trading 100 shares at $3. ICI Jm trds 2-11-16Honey Bun with 26,121 shares changing hands closed at $6.10, Iron Rock Insurance had 2,000 units trading and ended at $3.30. Jamaican Teas traded 8,000 shares to close at $4, Knutsford Express lost 50 cents in trading 5,000 shares in closing at $22, Lasco Distributors ended with 50,000 shares trading to close at $7. Lasco Financial ended with 3,065 shares changing hands to close at $3.15, Lasco Manufacturing closed at $5 with 33,336 shares after falling 10 cents, Medical Disposables rose 40 cents to end at $5 with 43,590 shares changing hands. Paramount Trading had 1,450 units changing hands to close at a new all-time high of $27 after rising $3 and tTech traded 5,850 units with a gain of 5 cents to close at $5.05.

Junior stocks climb higher – Friday

JM sign Trading closed on the junior market with the number of advancing stocks being equal to decliners, the market index nevertheless advanced 27.26 points to 2,430.20, to be up 36 percent for the year to date.
Trading volume dipped 36 percent from Thursday’s levels, ending with 865,115 units changing hands, while value traded, fell 50 percent to $3,986,807 from $8,009,663 on Thursday.
An average of 57,674 units with an average value of $265,787 traded, compared to 71,599 units with an average value of $421,561 on the preceding trading day. An average for the month to date of 132,258 units at $732,545 traded.
ICI Jm sum 28-10-16At the close of the market on 15 securities traded, versus 19 on Thursday resulting in 5 stocks advancing and 5 declining stocks.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
CAC 2000 that faces a big legal they lost their appeal against a claim for damages closed without trading with an offer of $6 and the highest bid at $5.95 versus the last traded price of $6.30.
In trading activity, Caribbean Cream came in for increased buying with 103,144 shares changing hands at $7.25, to record a gain of 15 cent, up from 50,477 units that traded on Thursday. Caribbean Producers closed trading with 21,000 units at $3.65, Consolidated Bakeries gained 10 cents with 7,150 units changing hands to end at $2.60, General Accident closed trading with 122,356 units at $2.95. Honey Bun with 14,060 shares changing hands gained 35 cents and closed at $6. Iron Rock Insurance closed trading with 83,984 units at $3.30, Jetcon Corporation lost 1 cent and ended with 22,324 shares trading at $4.02, ICI Jm trd sht 28-10-16KLE Group lost 49 cents in trading 103,277 units to close at $1.30. Knutsford Express traded 2,163 shares in closing at $22.50, Lasco Distributors traded 10,180 units and declined by 14 cents to close at $6.85, Lasco Financial ended with 113,375 shares changing hands at $3.10, Lasco Manufacturing closed at $5 with 182,522 shares but traded as high as $5.39 during the day. Medical Disposables fell 13 cents to close at $5.49 with 49,550 shares changing hands, Paramount Trading rose $2 to close at $24 with 20,030 shares changing hands and Sweet River Abattoir with 10,000 units trading to end $3.50.

Cargo Handlers gains 220% – Wednesday

Cargo Handlers traded at a new all-time high of $12 on Wednesday.

Cargo Handlers traded at a new all-time high of $12 on Wednesday.

Trading closed on the junior market, with Cargo Handlers trading at a 52 weeks’ high of $12, driving the price up with a gain of 220 percent for the year to date and ended with 162,763 shares trading. Trading ended with the market index recovering all the points lost on Tuesday and more.
Trading volume dropped 48 percent from Tuesday’s levels, ending with 718,533 units changing hands, while value traded, fell 42 percent to $4,825,236 from $8,364,061 on Tuesday.
An average of 44,908 units with an average value of $301,577 traded, compared to 81,413 units with an average value of $492,004 on the preceding trading day. The average for the month to date, amounts to 140,710 units at $781,154.
ICI Jm sum 26-10-16rAt the close of the market on 16 securities traded, versus 17 on Tuesday resulting in 5 stocks advancing and 4 declining stocks as 1 stock closed a new high. The market index climbed 36.24 points to 2,381.82 to be up 33 percent for the year to date.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 5 ending with lower offers.
CAC 2000 that could being facing a $200 million legal claim pay out, failed to trade but ended with an offer of $6.16 compared to $5.36 on Tuesday versus the last traded price of $6.30.
In trading activity, AMG Packaging climbed $2.58 while trading 3,000 shares to close at $19.58, Blue Power lost 10 cents and ended at $24.40 with 9,700 units changing hands, Caribbean Cream ended with 12,750 shares changing hands at $7.10, Caribbean Flavours traded 2,670 units to end at $8.38. Caribbean Producers lost 10 cents in trading 9,550 units to end at $3.65, Consolidated Bakeries had 20,000 units changing hands to end at $2.50, ICI Jm trd sht 26-10-16C2W Music traded 14,000 shares but fell 1 cent to 24 cents, Derrimon Trading ended at $4.60 with 25,000 shares changing hands, after rising by 60 cents. General Accident closed trading with 1,500 units at $3 but ended with the stock being offered at $2.99, Jetcon Corporation lost 5 cents and ended with 10,000 shares trading at $4.15, Lasco Distributors traded 178,472 units and rose 25 cents to close at $6.75, Lasco Financial ended with 40,310 shares changing hands at $3.10, Lasco Manufacturing rose 1 cent and closed at $5 with 193,398 shares trading but was on offer at $4.80 at the close. tTech ended with 9,420 shares changing hands at $5 and Eppley 10% preference share, traded 26,000 units at $6.10.

Juniors’ volume drops again – Friday

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

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

Trading volume on the junior market of the Jamaica Stock Exchange which declined on Thursday, fell again on Friday. Volume traded dived 73 percent from Thursday’s levels, ending with a mere 234,593 units changing hands, while value traded, dropped 60 percent to $1,406,575 from $3,474,124, on Thursday.
An average of 18,046 units with an average value of $108,198 traded, compared to 67,729 units with an average value of $267,240 on the preceding trading day. The average for the month to date, amounts to 136,350 units at $752,579.
At the close of the market on 13 securities traded, versus 13 on Thursday resulting in declining stocks out pacing advancing stocks 7 to 3 as 2 stocks hit new highs. ICI Jm sum 21-10-16The junior market index declined by 0.50 points to 2,371.80 to be up 32 percent for the year to date.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
Cargo Handlers which split the stock 10 for 1 stock earlier in the week did not trade on Friday but closed with a bid at $9.01 with an offer at $10.
In trading activity, Access Financial lost 50 cents and ended at $20.50 with 10,944 units changing hands, Caribbean Cream lost $1 and ended with 27,603 shares changing hands with a to $7, Caribbean Producers declined by 5 cents in trading 80,161 units to end at $3.70, C2W Music traded 3,057 shares to close at 25 cents. Consolidated Bakeries had 1,300 units changing hands, with the price rising 10 cents to end at $2.60. ICI Jm trd sht 21-10-16Derrimon Trading had 10,000 units changing hands, with the price ending at $4, Honey Bun with 1,000 shares changing hands gained 2 cent and closed at $5.62, ISP Finance traded 27,905 units at a new high of $7.03 after rising 3 cents, Jamaican Teas ended with just 400 shares trading with a rise of 1 cent at $4.01. Knutsford Express ended at $23 with 210 shares changing hands, Lasco Financial rose 5 cents and ended with 450 shares changing hands at $3.10, Lasco Manufacturing rose 3 cents and closed at $4.79 with 68,320 shares trading and Paramount Trading rose 1 cent to close at $24 with 3,243 shares changing hands.

Juniors’ volume falls again – Thursday

The junior market within touch of record territory

The junior market within touch of record territory

Trading volume on the junior market of the Jamaica Stock Exchange which declined on Wednesday, fell again on Thursday. Volume traded dived 49 percent from Wednesday’s levels, ending with 880,474 units changing hands, while value traded, dropped 64 percent to $3,474,124 from $9,759,413, on Wednesday.
An average of 67,729 units with an average value of $267,240 traded, compared to 133,950 units with an average value of $750,724 on the preceding trading day. The average for the month to date, amounts to 146,208 units at $806,277.
At the close of the market on 13 securities traded, versus 13 on Wednesday resulting in declining stocks out pacing advancing stocks 7 to 5. ICI Jm sum 20-10-16The junior market index falling by 4.01 points to 2,372.30 to be up 32 percent for the year to date.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Cargo Handlers which split the stock 10 for 1 stock and became effective on the junior market Tuesday with the adjusted closing price being $9, the stock did not trade on Thursday. The stock closed with a bid at $9 with an offer at $10.
In trading activity, Blue Power ended at $20 with 1,000 units changing hands, CAC 2000 lost 10 cents in trading 4,000 shares at $6.30, Caribbean Cream ended with 22,000 shares changing hands with a loss of 80 cents to $8, Caribbean Flavours traded 2,000 units to end at $8.38 with a fall of 2 cents. Caribbean Producers declined 25 cents in trading 187,600 units to end at $3.75, ICI Jm trd sht 20-10-16C2W Music gained 1 cent in trading 500 shares to close at 25 cents, General Accident had 457,407 units changing hands, with the price rising 19 cents to end at $2.80. Knutsford Express lost 20 cents and ended at $23 with 16,025 shares changing hands. Lasco Distributors had 6,100 units trading and closed with a rise of 18 cents at $6.99, Lasco Financial rose 5 cents and ended with 10,000 shares changing hands at $3.05, Lasco Manufacturing fell 22 cents and closed at $4.76 with 12,823 shares trading, Medical Disposables traded 148,164 shares and rose 10 cents to close at $4.60 and tTech lost 25 cents in trading 12,855 shares to close at $5.

Juniors up 36% in 2016 to new record

ISP Finance gained 250% to a new high of $7 & helped the JM to a 36% gain for 2016.

ISP Finance gained 250% to a new high of $7 & helped the JM to a 36% gain for 2016.

Trading on the junior market of the Jamaica Stock Exchange on Thursday, resulted in an even number of advancing and declining stocks. The market index hit a new high of 2,443.15, by climbing 10.72 points and 36.4 percent for 2016. At the close, 4 stocks rose and 4 declined with 17 securities trading including two closing at new highs.
Trading slipped from Wednesday’s levels, ending with 1,753,530 units changing hands, 12 percent lower than on Wednesday, while value traded, dropped 31 percent to $7,158,594 from $10,428,547, on Wednesday.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In market activity since trading on September 12 at $86.10, Cargo Handlers has still not traded with the bid at $88 to buy 207 units. The stock is on offer at $90 to sell 45,551 units.ICI Jm sum 6-10-16 The stock will be split 10 for 1 stock, effective October 22.
In trading activity, AMG Packaging closed with a fall of 5 cents at $17.50 with 889 units changing hands, Blue Power gave up 25 cents in trading just 100 shares at $24.75, Caribbean Cream gave back 60 cents with 58,577 shares changing hands to end at $9.40, Caribbean Flavours closed with the price unchanged in trading 12,000 units at $8.99. Caribbean Producers remained unchanged in trading 1,065,000 units to end at $3.50. C2W Music closed with 10,000 units changing hands to close at 24 cents, Consolidated Bakeries gained 10 cents in trading 841 shares to close at $2.50, ICI Jm trd sht 6-10-16General Accident Insurance closed with 225,500 units changing hands at $2.65, Honey Bun traded 60,800 shares at $6.10. ISP Finance traded 51,809 shares and gained 39 cents, to close at an all-time high of $7, Jamaican Teas traded 7,145 shares to close at $4, Knutsford Express closed at $24 with 100 units, Lasco Distributors gained of 2 cents with 103,000 units traded, at $7.52, Lasco Financial lost 13 cents and ended with 126,185 shares changing hands at $3.22. Lasco Manufacturing closed at $5.10 with 27,584 shares trading and Paramount Trading closed with a gain of $2.50 at a 52 weeks’ high of $22 with 2,000 shares changing hands.

Juniors’ advancers beat decliners – Tuesday

The junior market within touch of record territory

The junior market within touch of record territory

Trading on the Junior market resumed after closing on Monday due to the expected passage of hurricane Mathew and ended slightly down at the close of trading. The index measuring the emerging companies ended at a new high of 2,379.32 for a fall of 10.58 points. At the close 6 stocks rose and 4 declined with 14 securities trading.
Trading volume rose strongly from Friday’s levels, ending with 397,764 units changing hands, 88 percent lower than on Friday, while the value traded dropped 89 percent to $1,373,477 from $12,272,247, on Friday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
ICI Jm sum 4-10-16In market activity Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed today with the bid at $88 to buy 3,000 units, with no units offered for sale, the will be split 10 for 1 stock, effective from the close of business on October 21.
In trading activity, AMG Packaging closed with a gain of 50 cents at $18 with 920 units changing hands, Caribbean Cream gained 1 cent with just 500 shares changing hands to close at $9.30, Caribbean Producers traded 200,000 units to end at $3.30, Consolidated Bakeries dropped 5 cents to end at $2.40 after trading 50,000 shares. C2W Music closed with 21,500 units changing hands to close at 24 cents, Derrimon Trading rose 10 cents and closed with 5,000 shares at $3.60, General Accident Insurance rose by 24 cents with 3,620 units changing hands at $2.64,ICI Jm trd sht 4-10-16 Honey Bun traded 3,800 shares at $6.10 after falling 9 cents. Jamaican Teas rose 14 cents in trading 4,400 shares to close at $4.04, Key Insurance that was under selling pressure for weeks finally traded down to end at a 52 weeks’ low of $2.29 with 2,500 units for a loss of 10 cents, but the stock was on offer at $2.25. There were no bids to buy the stock at the close. KLE Group ended at $2.05 with 9,500 shares changing hands after falling by 5 cents, Lasco Distributors closed with a loss of 5 cents as only 499 units traded at $7.05, Lasco Financial ended with 9,703 shares changing hands at $3.35, after rising 5 cents and Lasco Manufacturing closed at $5.05 with 85,822 shares trading.

A new junior record on – Thursday

JM sign Trading on the Junior market ended with a third consecutive record high Thursday as the closed at a new high of 2,373.89 for a gain of 7.58 points as 4 stocks rose and 2 declined with just 10 securities that trading.
Trading volume and value rose from Wednesday’s levels, ending with 1,742,459.00 units changing hands, 129 percent more than on Wednesday, while the value traded climbed by 224 percent to $12,530,207, from $3,870,697 on Wednesday.
Market activities ended with 10 securities closing with bids higher than their last selling prices and 4 ending with lower offers. Month end is a period when some bids increase to show stronger close than for a few days before with valuation of portfolios based on the higher bids.
ICI Jm sum 29-09-16In market activity Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed with the bid at $91 to buy 3,000 units, with no units offered for sale, next in line to buy is 6,540 shares at $89, there were stocks offered for sale at the close. The company at a recent extraordinary meeting approved a 10 for 1 stock split, to take effect from the close of business on October 21. Key Insurance remains under pressure with the offer at $2.30 to sell 30,000 units compared with the last sale of $2.49. There were no bids to buy the stock at the close.
Blue Power closed at $25 with 12,400 units changing hands, Caribbean Cream lost 23 cents with 31,000 shares ICI jm trade 29-09-16changing hands to close at $9.27, C2W traded 37,949 shares to close at 24 cents, Honey Bun with 3,050 shares changing hands and closed at $6.19 with a gain of 19 cents. Jetcon Corporation had just 2,200 units changing hands, to end at $4.70, KLE Group ended at $2.10 with 48,500 shares changing hands after rising by 24 cents, Knutsford Express traded 10,500 units to close at $24 after shedding 48 cents, Lasco Distributors closed with a gain of 24 cents as 1,610,495 units traded at $7.24. Lasco Financial ended with 11,739 shares changing hands at $3.18, after rising by 13 cents, Lasco Manufacturing closed at $5 with 9,565 shares trading.