Junior Market in sharp jump – Thursday

The Junior Market Index almost erased the sharp fall on Wednesday by rising 39.95 points on Thursday to close at 2,951.81 trading on 17 securities down from 21 on Wednesday.
The market closed with an exchange of 3,527,982 units valued at $15,057,338 compared to 4,267,590 units valued at $17,190,562 on Wednesday.
At the close of market activities, the prices of 11 securities advanced, 3 declined and 3 remained unchanged and Stationery and Office closed at a new high of $9.02 after trading at an intraday high of $10.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and 3 with lower offers.
Market activity ended with an average of 207,528 units for an average of $885,726 in contrast to 203,219 units for an average of $818,598 on Wednesday. The average volume and value for the month to date amounts to 127,177 units with an average value of $576,852 and previously 122,282 units with an average value of $558,032. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, with 36,784 units, Cargo Handlers settled with a loss of 8 cents at $9.76, in exchanging 4,154 shares, Caribbean Producers finished trading 26 cents higher at $5.55, with 6,500 units, Consolidated Bakeries closed with a loss of 1 cent at $1.89, after trading 10,000 shares, Derrimon Trading concluded trading 3 cents higher at $9.53, with 5,000 shares, Dolphin Cove rose 50 cents to $15, with 4,683 stock units. Elite Diagnostic settled with a loss of 5 cents at $3.20, with 36,784 units, Express Catering jumped 42 cents to $6.05, with 4,350 shares trading, FosRich Group rose 4 cents to end at $2.39, with 31,010 shares, GWest Corporation closed trading at $2.30, with 13,000 units. Honey Bun concluded trading 1 cent higher at $4.70, with 30,356 shares, Jetcon Corporation traded at $4.20, with 40,233 units, KLE Group closed at $2.80, with 1,500 shares, Lasco Distributors concluded trading after rising 39 cents to $4.44, with 308,020 stock units. Lasco Financial finished 24 cents higher at $5.64, with 24,040 units, Lasco Manufacturing settled 15 cents higher at $4.20, with 2,944,659 shares, Main Event gained 3 cents in closing at $6.98, with 5,143 shares and Stationery and Office closed 2 cents higher at $9.02, with 58,550 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Elite Diagnostics dominates trading with 84%

Elite Diagnostics accounted for 84.4% of Thursday’s Junior Market trading.

Recently listed Elite Diagnostics accounted for just over 84 percent of volume of stocks trading resulting from 6,672,725 units, up from 2,520,373 shares that were exchanged on the Junior Market, on Wednesday.
The market closed on Thursday with 18 securities changing hands, resulting in an exchange of 7,902,138 units valued at $25,165,370 compared to 4,892,740 units valued at $17,902,241 on Wednesday.
The Junior Market index advanced 24.40 points to close at 2,915.69 as the prices of 4 securities advanced, 6 declined and 8 remained unchanged.
Trading ended with an average of 439,008 units for an average of $1,398,076 down from an average of 212,728 units for an average of $778,358 on Wednesday. An average of 291,636 units at an average value of $1,681,793 traded, and previously 282,425 units at an average of $1,699,526. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 5 cents at $2.05, with 302,021 stock units, CAC 2000 finished with a loss of 99 cents at $9, with 13,372 shares, Cargo Handlers settled at $10.90, with 2,000 shares, Caribbean Cream ended trading at $5.99, with 109,883 shares, Elite Diagnostic settled with a loss of 2 cents at $3.01, with 6,672,725 units. Eppley ended trading at $10.50, with 1,356 shares, Express Catering traded 10 cents higher at $4.70, with 22,638 shares, FosRich Group finished trading 10 cents higher at $2.60, with 208,907 shares, Honey Bun concluded trading with a loss of 12 cents at $5.13, with 92,847 shares. Iron Rock finished at $3, with 2,099 shares, KLE Group closed at $2.30, with 60,000 shares, Knutsford Express ended $1.90 higher at $15, with 300 shares, Lasco Distributors concluded trading at $4.40, with 80,604 stock units. Lasco Financial finished at $5, with 170,459 units, Lasco Manufacturing settled 3 cents higher at $4.43, with 57,395 shares, Main Event ended trading with a loss of 50 cents at $6, with 22,170 shares, Stationery and Office closed at $5.06, with 34,000 units and tTech concluded trading with a loss of 40 cents at $5, with 49,362 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Cargo Handlers Q1 profit falls

Overvalued Cargo Handlers.

Montego Bay’s based, Cargo Handlers suffered a 13 percent dip in profit, for the December quarter to $40 million from $46.2 million in 2016 from flat operating revenues of $86.57 million compared to $86.99 million in 2016 and resulted in earning per share 11 cents.
Gross profit margin declined in the quarter to 59 percent from 61 percent in the 2016, as wages increased ahead of income, leading to Other Operating Expenses rising 7 percent to $35.75 million. Other income fell 84 percent to $544,786 from $3.42 million and interest income declined by 36 percent to $470,000. Revaluation of the Jamaican dollar would have had a negative impact on other income. Administrative expenses rose 20 percent to $5.4 million and finance cost climbed by 35 percent, to $336,038. Taxation payable on the profit fell from $6.66 million in 2016 to $5.76 million.
Gross cash flow, brought in $58 million but increased working capital needs reduced cash inflows to $27 million and raising cash funds to $272 million.
At the end of December, shareholders’ equity stands at $390 million with borrowings at just $0.9 million. Net current assets ended the period at $331 million well above payables of just $17 million.
The stock that traded at a high of $30 in early 2017, last traded at $10.50 on the Junior Market of the Jamaica Stock Exchange, with a PE ratio of 21 times IC Insider.com projected earnings of 50 cents for 2018. The average PE for the market is now 10, suggesting that Cargo Handlers stock price could slip back or remain around the present level for a prolonged period.

Juniors drop 237 points in a week

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The prices of Lasco Distributors and Lasco Financial cut Junior market index sharply.

The Junior Market Index plunged sharply by 119.67 points to close at 2,829.29, after shedding 45.44 points on Monday and 50 points on Friday. The market has lost 237.24 or 7.7 percent since last week Wednesday.
The two main companies contributing to the fall are Lasco Distributors that fell from $5.90 last week to $4.32 in response to the disappointing court awards in their dispute with Pfizer and Lasco Financial falling from $6.50 to $5.01.
At the close of market activities, the prices of 5 securities advanced, 10 declined and 7 remained unchanged as the market concluded trading on Tuesday with 22 securities changing hands, resulting in an exchange of 1,396,153 units valued at $6,487,135 compared to 2,397,751 units valued at $13,589,523 on Monday coming from 17 securities.
Trading ended with an average of 63,462 units for an average value of $294,870 in contrast to 141,044 units for an average of $799,384 on Monday. The average volume and value for the month to date amounts to 110,697 units valued at $543,691 and previously 113,513 units valued at $558,525. In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 1 cent at $2.99, with 3,159 stock units, Caribbean Cream finished at $5.50, with 43,200 shares, Cargo Handlers ended trading at $10.85, with 500 stock units trading, Caribbean Producers traded at $4.20, with 371,229 units, C2W Music ended 9 cents higher at $0.49, with 16,433 stock units, Express Catering fell 1 cent in closing at $4.49, with 2,023 stock units, General Accident finished with a loss of 10 cents at $2.60, with 22,000 shares. Honey Bun settled 25 cents higher at $4.25, with 14,400 shares, Iron Rock settled at $2.80, with 2,452 shares, ISP Finance ended trading with a loss of 1 cent at $15.99, with 5,529 stock units, Jamaican Teas traded with a loss of 20 cents at $3.80, with 126,600 units, Jetcon Corporation finished trading after losing 10 cents to $4.50, with 12,965 shares. Knutsford Express closed 50 cents higher at $13.50, with 6,631 shares, KLE Group concluded trading 2 cents higher at $2.53, with 20,600 units, Lasco Distributors dropped $1.37 to $4.32, with 115,400 shares, in response to the low award for damages against Pfizer. Lasco Financial ended trading down $1.21 to $5.01, with 337,824 stock units, Lasco Manufacturing fell 5 cents to $3.90, with 32,000 units, Medical Disposables fell 10 cents to $5, with 1,816 shares changing hands, Main Event closed at $6, with 105,855 shares. Paramount Trading concluded trading at $3.15, with 39,425 units, Stationery and Office ended trading at $5.05, with 114,612 stock units and tTech finished trading 1 cent higher at $7, with 1,500 shares.

Prices of securities trading for the day are those at which the last trade took place.

Juniors move higher again

Trading on the Junior Market of the Jamaica Stock Exchange ended on Tuesday with 15 securities changing hands, resulting in an exchange of 655,302 units valued at $3,576,610.
In contrast, 16 securities traded on Monday, resulting in 1,335,600 units valued at $7,277,183 changing hands.
The Junior Market Index advanced by 17.74 points to close at 3,063.64 as the prices of 3 securities advanced, 4 declined and 8 remained unchanged.
Trading ended with an average of 43,687 units for an average of $238,441 in contrast to 83,475 units for an average of $454,824 on Monday. The average volume and value for the month to date amounts to 76,654 units valued at $352,768 compared to 78,395 units valued at $358,806 previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Wednesday’s trading activity as 3 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In market activity, AMG Packaging finished at $3.50, with 5,064 units, Blue Power traded 300 units at $44.10, Cargo Handlers traded 9 cents higher at $11.09, with 7,140 stock units, Caribbean Flavours traded 581 units at $11, Express Catering ended trading at $5, with 48,599 units. Honey Bun finished at $5, with 16,575 stock units, Jamaican Teas concluded trading with a loss of 10 cents at $4, with 55,840 units, Jetcon Corporation lost 5 cents to finish at $4.80, with 13,566 shares, Knutsford Express settled with a loss of 19 cents at $14.80, with 20,230 shares trading. Lasco Distributors ended 1 cent higher at $6.50, with 84,181 stock units, Lasco Financial concluded trading at $4.20, with 104,660 shares, Lasco Manufacturing ended at $4.20, with 75,084 shares changing hands, Main Event closed 5 cents higher at $5.30, with 32,710 shares, Medical Disposables finished at $5.50, with 8,000 shares and Stationery and Office concluded trading with a loss of 10 cents at $5.50, with 182,772 shares trading.

Junior Market drops again

The Junior Market Index after falling 14.30 on Friday, declined further on Monday by 26.18 points to close at 2,906.00 as trading ended with 21 securities changing hands of which 6 advanced, 5 declined and 10 remained with prices unchanged.
Market activity resulted in an exchange of 904,019 units valued at $4,463,382 compared to 1,976,686 units valued at $6,469,834 on Friday.
Trading ended with an average of 43,049 units for an average of $212,542, in contrast to 89,849 units for an average of $294,083 on Friday. The average volume and value for the month to date amounts to 74,618 units valued at $323,637 and 81,597 units valued at $348,195, previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Tuesday’s trading activity as 4 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In market activity, volumes are those traded for the day and the closing prices are those at which the last trade took place. At the close, AMG Packaging finished with a loss of 10 cents at $3.30, trading 604 units, Cargo Handlers ended at $9.50, trading 101,214 stock units, Caribbean Producers closed at $3.70, with 55,335 units, C2W Music closed at $0.49, exchanging 4,882 shares, Derrimon Trading gained 1 cent to end at $8, with 6,050 units, Dolphin Cove finished at $17.50, trading 4,162 shares. Eppley ended at $12, with 4,429 units changing hands, Express Catering settled at $4.40, with 63,989 units, General Accident concluded trading at $2.73, with 10,857 stock units, Honey Bun lost 20 cents at $4.10, with 3,000 shares, Jamaican Teas ended 5 cents higher at $4.10, with 50,135 shares. Jetcon Corporation concluded trading 1 cent higher at $5, with 70,000 stock units, KLE Group traded with a loss of 22 cents at $2.28, after 14,000 stock units traded, Knutsford Express settled at $14.89, with 1,120 shares, Lasco Distributors ended with a loss of 29 cents at $6, with 78,848 units, Lasco Financial gained 5 cents to end at $4.25, with 97,639 shares, Lasco Manufacturing concluded trading 201,526 units at $3.50. Main Event ended 8 cents higher at $5.18, with 35,041 units, Medical Disposables settled at $5.30, with 15,000 stock units, Paramount Trading rose 1 cent to $2.80, with 29,294 units and Stationery and Office finished with a loss of 8 cents at $4.70, with 56,894 shares traded.

Junior Market rises – Monday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with 25 securities changing hands, resulting in an exchange of 2,098,509 units valued at $11,226,036 compared to 1,889,929 units valued at $9,948,506 on Friday.
At the close of market activities, the prices of 7 securities advanced, 11 declined and 7 remained with the prices unchanged. The Junior Market Index advanced by 27.80 points to close at 2,934.57.
Trading ended with an average of 83,940 units for an average of $449,041 in contrast to 89,997 units for an average of $473,738 on Friday. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded. Trading ended with 4 stocks with bids higher than their last selling prices and 2 with lower offers.
At the close of the market the volume of stock units changing hands and their last traded price are: Access Financial closing at $42, with 2,311 units, AMG Packaging trading 30 cents higher at $3.50, with 15,000 shares. Blue Power jumped $4 higher to $49, with 450 stock units changing hands, CAC 2000 traded 199,944 stock units to close at $7, Cargo Handlers ended with a loss of $1.58 at $9.50, with 2,045 shares, Caribbean Cream concluded trading at $6, with 5,371 units, Caribbean Producers ended trading with a loss of 15 cents at $3.60, with 408,750 units trading. Consolidated Bakeries lost 20 cents in closing at $2.50, with 3,677 units, C2W Music traded with a loss of 1 cent at $0.49, with 1,000 stock units, Eppley finished 20 cents higher at $12, with just 500 units, Express Catering ended 16 cents higher at $4.16, with 17,562 shares, General Accident closed with a loss of 24 cents at $2.50, trading 852 stock units, Honey Bun traded 1,200 units at $4.30. Jamaican Teas concluded trading with a loss of 11 cents at $3.79, with 107,025 stock units, Jetcon Corporation concluded trading with a loss of 22 cents at $4.28, with 166,217 units, Knutsford Express lost 34 cents at $14.55, with 10,194 shares, Lasco Distributors ended trading at $6.30, with 26,651 shares, Lasco Financial settled with a loss of 27 cents at $3.75, with 49,449 units trading. Lasco Manufacturing ended trading at $3.80, with 107,299 shares, Main Event concluded trading with a loss of 25 cents at $5, with 38,898 units, Medical Disposables traded at $5.30, with 17,600 units, Paramount Trading closed 10 cents higher at $2.80, exchanging 32,614 units, Stationery and Office ended trading 5 cents higher at $4.85, with 126,441 shares changing hands, tTech fell 5 cents to $7, with 88,098 shares and in the junior market preference segment, Eppley concluded trading with a loss of 5 cents at $6.50, with 669,361 shares.

Junior stocks falter again

Trading on the Junior Market of the Jamaica Stock Exchange traded on Thursday with 18 securities changing hands, resulting in an exchange of just 538,080 units valued at $2,509,546 compared to 2,043,273 units valued at $10,429,058 on Wednesday.
At the close of market activities, the prices of 4 securities advanced, 7 declined and 7 remained with prices unchanged leading to the Junior Market Index declining by 22.92 points to close at 2,959.40.
Trading ended with an average of 29,893 units for an average of $139,419 in contrast to 97,299 units for an average of $496,622 on Wednesday. The average volume and value for the month to date amounts to 117,485 units valued at $ $541,898 and 122,095 units at an average of $563,081, previously. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded.
Trading ended with the market sentiments looking mixed for Friday’s trading as 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market the volume of stocks units changing hands and their last traded price are: Caribbean Cream finishing with a loss of 20 cents at $5.90, with 24,714 stock units, Caribbean Producers trading with a loss of 15 cents at $3.60, with 104,000 shares, Dolphin Cove ended at $17, with 1,000 units changing hands. Elsewhere, Express Catering ended with a loss of 8 cents at $4.42, with 69,009 stock units, General Accident traded at $2.60, with 5,607 shares, Honey Bun finished 10 cents higher at $4.30, with 5,723 units, Jamaican Teas finished 22 cents higher at $4, with 48,600 shares, Jetcon Corporation ended trading at $4.50, with 2,500 shares. Key Insurance settled at $4.25, with 200 stock units, Knutsford Express settled with a loss of 9 cents at $14.80, with 10,859 units, Lasco Distributors ended trading 8 cents higher at $6.38, with 52,465 shares trading, Lasco Financial traded with a loss of 6 cents at $4, with 86,227 stock units, Lasco Manufacturing fell 20 cents to $3.80, with 43,243 shares, Main Event settled at $5, with 33,302 units, Medical Disposables traded at $5.30, with 2,000 shares, Paramount Trading finished 1 cent higher at $2.71, with 200 stock units changing hands, Stationery and Office closed at $4.80, with 48,070 units and tTech ended with a loss of 4 cents at $7.55, with a mere 361 shares.

Junior market trading jumps – Wednesday

Main Event was the leading trade with more than 1 million shares on Wednesday.

Trading on the Junior Market of the Jamaica Stock Exchange picked up by more than 300 percent on Wednesday with 21 securities changing hands, resulting in an exchange of 2,043,273 units valued at $10,429,058 compared to 463,032 units valued at $2,269,157 on Tuesday.
At the close of market activities, the Junior Market Index advanced by 13.65 points to close at 2,982.32 as the prices of 8 advanced, 9 declined and 4 remained unchanged based on last traded prices.
Trading ended with an average of 97,299 units for an average of $496,622 in contrast to 24,370 units for an average of $119,429 on Tuesday. The average volume and value for the month to date, amounts to 122,095 units valued at $563,081 and previously, 123,473 units at $566,773. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded.
Trading ended with the market sentiments looking mixed and having implications for the next day trading activity as 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market the volume of stocks changing hands and their last traded price are: AMG Packaging traded 30 cents higher at $3.50, with 1,632 units, Cargo Handlers finished with a loss of 1 cent at $11.08, with 95,394 shares, Caribbean Flavours ended with a loss of 20 cents at $11.60, with 4,273 stock units, Caribbean Producers closed 15 cents higher at $3.75, with 4,752 units, Derrimon Trading closed with a loss of 1 cent at $7.99, with 1,961 shares. Dolphin Cove closed at $17, with 326 stock units trading, Express Catering finished at $4.50, with 305,066 shares, Honey Bun closed 15 cents higher at $4.20, with 4,577 stocks trading, Jamaican Teas settled with a loss of 22 cents at $3.78, with 26,100 shares trading, Jetcon Corporation concluded trading at $4.50, with 69,020 units, Key Insurance settled 25 cents higher at a new high of $4.25, with just 100 units. KLE Group traded with a loss of 6 cents at $2.80, with 8,000 stock units, Knutsford Express gained 39 cents to $14.89, with 10,400 shares, Lasco Distributors concluded trading with a loss of 30 cents at $6.30, with 41,455 shares, Lasco Financial ended 6 cents higher at $4.06, trading 304,402 stock units, Lasco Manufacturing ended 40 cents higher at $4, with 1,000 shares, Medical Disposables ended 30 cents higher at $5.30, with 4,000 units, Main Event traded with a loss of 5 cents at $5, with 1,009,579 shares. Stationery and Office closed at $4.80, with 84,437 stocks, tTech traded with a loss of 1 cent at $7.59, with 46,799 shares and Derrimon Trading preference share ended with a loss of 1 cent at $2, with 20,000 shares changing hands.

Juniors drop again – Tuesday

Lasco Manufacturing dropped 40 cents to push Junior Market down.

Trading on the Junior Market of the Jamaica Stock Exchange settled on Tuesday with 19 securities changing hands, resulting in an exchange of 463,032 units valued at $2,269,157.
Tuesday’s trading compares well to the 20 securities changing hands on Monday, leading to a total of 394,030 units valued at $1,640,793. The Junior Market Index declined by 22.93 points to close at 2,968.67. At the close of market activities, the prices of 5 advanced, 6 declined and 8 remained with the prices unchanged as shown by the last traded price for the day.
Trading ended with an average of 24,370 units for an average of $119,429 in contrast to 20,738 units for an average of $86,358 on Monday. The average volume and value for the month to date, amounts to 123,473 units valued at $566,773 and previously 129,302 shares with an average value of $593,087. In contrast, August closed with average of 234,437 units valued at $1,295,260 for each security traded. Trading ended with the market sentiments looking weak and having implications for the upcoming trading session as 2 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market the volume of stocks changing hands and their last traded price are: Access Financial that finished at $42, with just 241 stocks changing hands, AMG Packaging settling with a loss of 5 cents at $3.20, while trading 236 shares, Cargo Handlers concluding trading at $11.09, with 22,554 stock units trading. Caribbean Producers finished at $3.60, trading 32,489 shares, Derrimon Trading ended at $8, with 7,550 shares, Dolphin Cove settled $1 higher at $17, with 5,273 units changing hands, Express Catering concluded trading 10 cents higher at $4.50, with 37,609 units, Eppley ended with a loss of 20 cents at $11.80, with 5,915 shares, General Accident closed at $2.60, with 9,551 units. Jamaican Teas closed with a loss of 5 cents at $4, with 575 units, Jetcon Corporation finished at $4.50, with 11,900 shares, Key Insurance concluded trading at $4, with 15,383 shares, KLE Group traded at $2.86, with 3,457 units, Lasco Distributors settled with a loss of 15 cents at $6.60, with 5,550 shares, Lasco Financial closed with a loss of 10 cents at $4, with 30,058 units, Lasco Manufacturing finished with a loss of 40 cents at $3.60, with 180,667 shares, Main Event ended 60 cents higher at $5.05, with 5,940 stocks changing hands, Stationery and Office settled 5 cents higher at $4.80, with 69,149 units and tTech concluded trading 5 cents higher at $7.60, with 18,935 shares.