Cargo Handlers — Page 108

Junior Market up 65 more points – Monday

June 11, 2018 by IC Insider.com

Access Financial jumps $4.50 to $51.50 on Monday.

The Junior Market of the Jamaica Stock Exchange jumped 65.50 points to close at 3,070.05 on top of the 80.20 points rise on Friday as the prices of 11 securities advanced, 5 declined and 8 remained unchanged.
At the close of market activities, 24 securities changed hands, the same number trading on Friday, resulting in only 691,974 units valued at just $3,495,411 trading compared to 3,742,224 units valued at $15,902,706 trading on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than their last selling prices and 6 with lower offers.
Trading ended with an average of 28,832 units for an average of $145,642 in contrast to 155,926 units for an average of $662,613 on Friday. The average volume and value for the month to date, amounts to 144,989 units valued at $814,376 and previously 164,621 units valued at $924,448.

In contrast, May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, Access Financial jumped $4.50 to $51.50, with 2,782 shares trading, Cargo Handlers settled at $9.75, with 2,095 shares, Caribbean Cream traded 46 cents higher at $5.10, with 7,000 shares, Caribbean Flavours added $1 higher at $11, while only 100 stock units, Caribbean Producers finished trading with a loss of 1 cent at $5.24, with 8,500 units changing hands. Dolphin Cove finished at $16.80, with just 300 stock units trading, Elite Diagnostic settled at $3.16, with 2,700 units, changing hands, Express Catering traded 30 cents higher at $8, with 96,374 shares, FosRich Group finished trading at $2.75, with 198,171 shares. General Accident closed with a loss of 27 cents at $3.12, and 5,977 stock units traded, GWest Corporation ended 25 cents higher at $2.45, with 4,000 units, Honey Bun lost 1 cent and ended trading at $4.64, with 70,700 shares changing hands,

Iron Rock concluded trading at $3, with 512 shares, Jamaican Teas settled at $5, with 12,370 shares. Jetcon Corporation traded 51,900 stock units at $4, Knutsford Express closed 80 cents higher at $12.80, after exchanging just 300 shares, Lasco Distributors ended 27 cents higher at $4.42, with 5,500 shares, Lasco Financial concluded trading 6 cents higher at $5.21, with 76,982 stock units. Lasco Manufacturing finished 7 cents higher at $4.25, with 3,000 units, Main Event settled with a loss of 57 cents at $7, in swapping 3,827 shares, Medical Disposables ended trading 3,259 shares and rose 30 cents to $5.30, Paramount Trading closd at $3, with 50,000 shares traded, Stationery and Office finished trading 20 cents higher at $8, with 85,425 stock units and tTech ended with a loss of 10 cents at $6, exchanging 200 shares trading.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, Blue Power, Cargo Handlers, Caribbean Flavours, Daily Trading, Dolphin Cove, Elite Diagnostics, Emerging markets, Express Catering, FosRich, GWest, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Junior stocks jump 80 points – Friday

June 8, 2018 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange 80.20 points of the nearly 145 points fall over the past two days after to close at 3004.55 on Friday as the prices of 9 securities advanced, 4 declined and 11 remained unchanged.
At the close of market activities, with 24 securities changed hands compared to 25 changing hands on Thursday, resulting in 3,742,224 units valued at $15,902,706 trading, compared to 5,590,001 units valued at $32,219,897 on Thursday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Trading ended with an average of 155,926 units for an average of $662,613 in contrast to 223,600 units for an average of $1,288,796 on Thursday. The average volume and value for the month to date, amounts to 164,621 units valued at $924,448 and previously 166,390 units valued at $977,703. In contrast, May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended at $2.10, with 1,146 stock units traded, Caribbean Flavours traded at $10, with an exchange of 6,000 units, Caribbean Producers jumped 55 cents higher to close at $5.25, with 1,680 units, Consolidated Bakeries closed at $2.10, with 95,200 shares, Derrimon Trading rose 2 cents to $9.17, with 16,775 shares. Elite Diagnostic settled 3 cents higher at $3.16, with 36,257 units changing hands, Eppley ended 11 cents higher at $9.18, with 1,100 shares trading, Express Catering gained 27 cents to close at $7.70, with 123,272 shares, FosRich Group finished trading at $2.75, with 44,076 shares. General Accident closed at $3.39, with 565 stock units, GWest Corporation ended with a loss of 10 cents at $2.20, with 23,782 units, Honey Bun dropped 55 cents to $4.65, with 5,000 shares changing hands, Jamaican Teas ended trading at $5, with 45,660 stock units after trading at $5.25. Jetcon Corporation closed trading at $4, with 14,250 units, Key Insurance traded 1,000 shares at $4, KLE Group closed with a loss of 30 cents at $2.65, with 1,800 shares trading, Knutsford Express ended 50 cents higher at $12, with an exchange of 2,192 shares. Lasco Distributors concluded trading at $4.15, with 123,991 stock units, Lasco Financial finished at $5.15, exchanging 51,027 units, Lasco Manufacturing settled 18 cents higher at $4.18, with 3,060,100 shares, Main Event ended trading 1 cent higher at $7.57, with 22,861 shares. Medical Disposables climbed 70 cents higher to $5, with 872 shares, Paramount Trading finished trading at $3, with 32,135 stock units and Stationery and Office closed with a loss of 20 cents at $7.80, with 31,483 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostics, Emerging markets, Eppley, Express Catering, FosRich, GWest, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

Big 87 points drop for Junior stocks – Thursday

June 7, 2018 by IC Insider.com

Blue Power in big drop of $9 to close at $28.

The Junior Market of the Jamaica Stock Exchange after enjoying five consecutive days of strong gains up to Tuesday and falling 57.67 points on Wednesday dropped another 86.91 points to close at 2,924.35 on Thursday.
At the close of market activities, the prices of 7 securities advanced, 11 declined and 7 remained unchanged with 25 securities changing hands from 25 securities changing hands on Wednesday. Market activity resulted in a fall in the quantity of shares trading to 5,590,001 units valued at $32,219,897, compared to 7,465,041 units valued at $55,063,474
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 3 with lower offers.
Market activity ended with an average of 223,600 units for an average of $1,288,796 in contrast to 298,602 units for an average of $2,202,539 on Wednesday. The average volume and value for the month to date, amounts to 166,390 units valued at $977and previously 151,011 units valued at $894,076. In contrast, May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended at $2.10, with 3,874 stock units, Blue Power dived a sharp $9 to close at a 52 weeks’ low of $28, with 538,182 units changing hands, Cargo Handlers rose 25 cents to $9.75, with 735 shares, Caribbean Cream ended trading at $4.64 after falling of 46 cents, with 3,000 shares, Caribbean Producers declined 35 cents to $4.70, with 3,400 units. Consolidated Bakeries closed with a loss of 38 cents at $2.10, with 7,307 shares trading, Dolphin Cove dropped $1.10 to end at $16.80, with just 200 stock unit trading, Elite Diagnostic settled at $3.13, with 99,568 units, Eppley ended trading with a loss of 11 cents at $9.07, exchanging 1,000 shares. Express Catering traded with a loss of 37 cents at $7.43, with 16,619 shares traded, FosRich Group finished trading at $2.75, with 29,899 shares, General Accident closed 24 cents higher at $3.39, with 480 stock units, GWest Corporation ended at $2.30, with 580 units. Honey Bun ended trading 20 cents higher at $5.20, with 24,500 shares, Iron Rock finished with a loss of 5 cents at $3, while 4,243,672 shares changed hands, Jetcon Corporation traded with a loss of 6 cents at $4 and an exchange of 13,500 units, Key Insurance finished trading 50 cents higher at $4, with 3,000 shares. KLE Group closed after rising 9 cents to $2.95, with 7,833 shares, Knutsford Express ended at $11.50, with 108,454 shares trading, Lasco Distributors concluded trading 5 cents higher at $4.15, with 124,100 stock units, Lasco Financial finished with 335,286 units trading and rose 5 cents to $5.15. Lasco Manufacturing settled with a loss of 20 cents at $4, with 6,070 shares, Main Event fell 44 cents to end at $7.56, with 14,867 shares, Paramount Trading finished trading at $3, with 2,000 stock units and Stationery and Office closed at $8, with 1,875 units. changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Blue Power, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, Elite Diagnostics, Emerging markets, Eppley, Express Catering, FosRich, GWest, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jetcon Corporation, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, Stationery and Office, Trading Activity

Juniors drop 58 points – Wednesday

June 6, 2018 by IC Insider.com

Add your HTML code here...

Access Financial drops $6 on Wednesday, more than reversing Tuesday’s gain.

The Junior Market of the Jamaica Stock Exchange after enjoying five consecutive days of strong gains, declined on Wednesday by a whopping 57.67 points to close at 3,011.26.
At the close of market activities, the prices of 11 securities advanced, 9 declined and 5 remained unchanged with 25 securities changing hands, resulting in a big hike in the quantity of shares trading to 7,465,041 units valued at $55,063,474 compared to 1,630,055 units valued at $7,932,006 from 23 securities changing hands on Tuesday.
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 4 with lower offers.
Market activity ended with an average of 298,602 units for an average of $2,202,539 in contrast to 70,872 units for an average of $344,870 on Tuesday. The average volume and value for the month to date, amounts to 151,011 units valued at $894,076 and previously 96,749 units valued at $413,023. In contrast, May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, Access Financial dived $6 to end at $47, with 120 shares, AMG Packaging ended with a loss of 10 cents at $2.10, with 67,094 stock units, CAC 2000 finished with a loss of 50 cents at $8, with 100 shares, Caribbean Cream rose 4 cents to close at $5.10, with 13,840 shares, Caribbean Producers finished trading with a loss of 20 cents at $5.05, in exchanging 25,000 units. C2W Music ended at 45 cents, with 25,000 shares traded, Elite Diagnostic settled at $3.13, with 48,467 units, Eppley ended trading $1.04 higher at $9.18, with 1,700 shares, Express Catering traded at $7.80, with 2,453,192 shares. FosRich Group gained 5 cents to $2.75, with 41,869 shares, General Accident closed with a loss of 15 cents at $3.15, after 32,000 stock units changed hands, Honey Bun concluded trading 40 cents higher at $5, with 42,404 shares, Jamaican Teas rose 10 cents to $5, with 124,213 stock units. Jetcon Corporation traded 6 cents higher at $4.06, with 140,299 units, Key Insurance traded 7,947 shares and rose 21 cents to $3.50, KLE Group closed with a loss of 14 cents at $2.86, in exchanging 2,000 shares, Knutsford Express dropped $2.25 to $11.50, with 1,790,027 shares changing hands. Lasco Distributors added 10 cents in trading 1,978 stock units at $4.10, Lasco Financial finished with a loss of 2 cents at $5.10, trading 1,263,476 units, Lasco Manufacturing settled 30 cents higher at $4.20, with 700,000 shares, Main Event climbed 65 cents higher to $8, with 93,893 shares. Paramount Trading finished trading at $3, with 1,498 stock units, Stationery and Office closed with a loss of 6 cents at $8, after 26,634 units changed hands and tTech concluded trading 35 cents higher at $6.10, with 715 shares. In the junior market preference segment, Eppley 8.75% settled at $6, with 561,575 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Blue Power, CAC2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostics, Emerging markets, Eppley, Express Catering, FosRich, GWest, Honey Bun, ISP Finance, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Junior Market jumps 62 points – Monday

June 4, 2018 by IC Insider.com

Access Financial jumped $4 on Monday.

Junior Market Index climbed a strong 61.95 points, to close at 3,027.29 on Monday resulting from an exchange of 22 securities compared to 23 on Friday and the prices of 9 securities rising, 6 falling while 5 remained unchanged.
Express Catering rose to an all-time high at the close of $7.40 and there was a $4 jump in Access Financial to $52. Trading ended on Monday with 1,017,701 units valued at $4,780,851changing hands, compared to 3,931,183 units valued at $15,372,700 on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 2 with lower offers.
Market activity ended with an average of 46,259 units for an average of $217,311 in contrast to 170,921 units for an average of $668,378 on Friday. The average volume and value for the month to date amounts to units 109,975 valued at $447,857. May closed with an average of 217,589 units valued at $1,322,452 for each security traded.

At the close of the market, Access Financial closed $4 higher at $52, with 500 shares, CAC 2000 finished with a loss of 47 cents at $8.50, with 28,600 shares, Caribbean Producers finished trading at $5.25, with 16,929 units, Consolidated Bakeries closed with a loss of 2 cents at $2.48, with 3,000 shares, Dolphin Cove finished with a loss of 9 cents at $17.90, with 1,000 stock units. Elite Diagnostic settled at $3.13, with 24,000 units, Express Catering ended trading 65 cents higher at $7.40, with 63,573 shares, FosRich Group traded 2 cents higher at $2.60, with 23,060 shares, General Accident finished trading at $3.39, with 900 shares. Honey Bun ended 5 cents higher at $4.80, with 1,100 units, ISP Finance finished at $17, with 200 shares,

Jamaican Teas settled 10 cents higher at $4.90, with 1,000 shares, Jetcon Corporation ended trading with a loss of 10 cents at $4, with 360,753 stock units. Knutsford Express finished trading 50 cents higher at $13, with 956 shares, Lasco Distributors closed at $4, with 46,262 shares, Lasco Financial ended 5 cents higher at $5.25, with 51,210 shares, Lasco Manufacturing concluded trading 19 cents higher at $4.19, with 305,051 stock units. Main Event finished with a loss of 65 cents at $7.35, with 59,453 units, Paramount Trading ended trading 12 cents higher at $3, with 705 shares and Stationery and Office traded with a loss of 6 cents at $8, with 22,998 shares. In the junior market preference segment, Eppley concluded trading $8.14 higher at $8.14, with 1,000 units, Eppley ended trading at $6, with 5,451 shares, changed hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, CAC2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Dolphin Cove, Elite Diagnostics, Emerging markets, Eppley, Express Catering, FosRich, Honey Bun, ISP Finance, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, Stationery and Office, Trading Activity

Junior Market in sharp jump – Thursday

May 17, 2018 by IC Insider.com

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.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Cargo Handlers, Consolidated Bakeries, Daily Trading, Derrimon Tradiing, Dolphin Cove, Elite Diagnostics, Emerging markets, Express Catering, FosRich, GWest, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Stationery and Office, Trading Activity

Elite Diagnostics dominates trading with 84%

February 22, 2018 by IC Insider.com

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.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Cargo Handlers, Daily Trading, Elite Diagnostics, Emerging markets, Eppley, Express Catering, FosRich, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Stationery and Office, Trading Activity, tTech

Cargo Handlers Q1 profit falls

February 10, 2018 by IC Insider.com

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.

Filed Under: Company News, Company Results Tagged With: Cargo Handlers, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican Stock, junior market

Juniors drop 237 points in a week

November 28, 2017 by IC Insider.com

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.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Daily Trading, Emerging markets, Express Catering, Honey Bun, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Pfizer, Stationery and Office, Trading Activity, tTech

Juniors move higher again

October 24, 2017 by IC Insider.com

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.