3.6% gains for 2021

January 21, 2021 by

Stocks continue to eke out moderate gains to put the Jamaica Stock Exchange Junior Market up 3.6 percent for the year to date, (64 percent annualized) with the Market Index adding 14.59 points on Thursday to end at 2,738.19 after more stocks declined than those rising and 11 percent fewer shares valued 19 percent less than on Wednesday, traded.
Trading ended with 35 securities changing hands compared to 28 on Wednesday and closed with 12  rising, 16 declining and seven closed unchanged.
The average PE Ratio ended at 14.3 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with trading in 4,133,453 shares for $10,720,333 down from 4,652,136 units at $13,253,906 on Wednesday. Derrimon Trading led trading with 41 percent of total volume for 1.70 million shares followed by Jamaican Teas with 19.3 percent for 798,534 units and Mailpac Group with 11.1 percent market share for 457,156 stock units.
Trading averaged 118,099 units at $306,295, in contrast to 166,148 at $473,354 on Wednesday. Trading month to date averaged 223,589 units at $535,930, compared to 231,831 units at $553,870 on Wednesday. December averaged 263,428 units at $638,694.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Cargo Handlers lost 11 cents to close at $7.79, after exchanging 30 shares, Caribbean Assurance Brokers ended at $1.86, with gains of 6 cents trading 2,500 units, Caribbean Cream picked up 11 cents to settle at $4.70, after finishing with an exchange of 36,200 shares. Caribbean Flavours closed 10 cents higher at $1.70, with 98,614 stocks crossing the market, Caribbean Producers shed 21 cents to $2.61 after exchanging 77,524 stock units, Dolphin Cove finished at $8.50, with a loss of 26 cents in transferring 2,052 shares. Elite Diagnostic ended 13 cents lower at $2.72, with 5,905 stocks crossing the exchange, Everything Fresh lost 6 cents to end at 68 cents trading 11,393 shares, Express Catering gained 23 cents to close at $3.72, with 750 stock units changing hands. Fontana rose 10 cents to $5.70 after the swapping of 66,752 units, Jamaican Teas carved out a gain of 5 cents to a 52 weeks’ closing high of $2.90, trading 798,534 shares. Lasco Financial dropped 14 cents to $2.51 in exchanging 25,330 shares, Lasco Manufacturing slipped 18 cents to $3.72 trading 42,196 stock units, Limners and Bards lost 9 cents in closing at $2.61, with 44,572 shares crossing the market. Lumber Depot rose 22 cents to $1.93, in exchanging 153,241 stock units, Main Event added 24 cents to close at $3.24 trading 7,510 shares. Paramount Trading shed 14 cents to settle at $1.30, with 104,200 stocks crossing the exchange and Tropical Battery lost 6 cents to close at $1.04, with 316,244 shares changing hands.
In the preference segment, Derrimon Trading preference shares lost 6 cents to close at $2.04 trading 41,782 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market inches higher on Wednesday

January 20, 2021 by

Stocks mostly rose after a trading 63 percent fewer shares on Wednesday than Tuesday at the close of the Junior Market of the Jamaica Stock Exchange, with the market index inching a few points higher.
Trading ended with 28 securities changing hands, down from 35 on Tuesday and concluded with the prices of 18 stocks rising, four declining and six remaining unchanged.
At the close, the Junior Market Index advanced 9.22 points to settle at 2,723.60. The average PE Ratio ended at 14.3 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 4,652,136 shares for $13,253,906 compared to 12,674,893 units at $24,808,257 on Tuesday.
Mailpac Group led trading with 21.9 percent of total volume with a transfer of 1.02 million shares, followed by Derrimon Trading with 19.7 percent and 916,164 units and Lasco Distributors with 17.9 percent accounting for 832,284 shares.
Trading averaged 166,148 units at $473,354 in contrast to 362,140 at $708,807 on Tuesday. Trading month to date averaged 231,831 units at $553,870, versus 236,210 units at $559,238 on Tuesday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of trading, Blue Power dropped 24 cents to $2.95 in exchanging 10,251 shares, Caribbean Cream rose 9 cents to $4.59 with 100,390 changing hands, Caribbean Flavours lost 5 cents to end at $1.60 with a transfer of 12,313 units. Caribbean Producers gained 4 cents to finish at $2.82 with 119,500 shares traded, Consolidated Bakeries advanced 30 cents to $1.65 with one stock unit changing hands, Everything Fresh rose 4 cents to 74 cents with an exchange of 272 stocks. Express Catering rose 4 cents to $3.49 with 30,651 units passing through the market, Fontana dropped 20 cents to $5.60 with a transfer of 60,513 shares, Fosrich climbed 24 cents to $4.44 with 5,000 stocks traded. Indies Pharma advanced 19 cents to $2.69 with 126,118 units changing hands, Jamaican Teas increased by 6 cents and exchanged 653,810 stock units to finish at a 52 weeks’ high of $2.85, Knutsford Express advanced 15 cents to $6.75 with a transfer of 6,000 units, Lasco Manufacturing dropped 17 cents to $3.90 with 11,060 shares changing hands. Limners and Bards gained 10 cents to end at $2.70 with 4,426 units passing through the market, Lumber Depot advanced 17 cents to $1.71 with a transfer of 421,288 stock units, Mailpac Group exchanged 1,016,948 stocks and rose 9 cents to settle at $3.69. Paramount Trading increased by 14 cents to finish at $1.44 with 85 shares changing hands and Stationery and Office Supplies climbed 23 cents to $4.35 with a transfer of 30,685 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Heavy trading in Junior Market stocks

January 19, 2021 by

Trading was heavier than normal on Tuesday on the  Junior Market of the Jamaica Stock Exchange with five securities trading over one million shares each as the market broke its three-day unbroken run, with the index slipping 11.10 points to close at 2,714.38.
Trading ended with 35 securities changing hands compared to 37 on Monday and concluded with the prices of 13 stocks rising, 16 declining and six remaining unchanged. The average PE Ratio ended at 14.1 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading accounted for 34 percent more shares than Monday with an exchange of 12,674,893 shares for $24,808,257 up from 9,478,77 units at $18,322,788 on Monday.
Tropical Battery led trading in commanding 30.7 percent of total volume with an exchange of 3.89 million shares, followed by Lumber Depot 24 percent with 3.05 million units, Derrimon Trading controlled 14.5 percent market share or 1.83 million units. Mailpac Group contributed 11 percent with a transfer of 1.4 million units. Jamaican Teas rounded out top five, with 8.8 percent and 1.12 million shares.
Trading averaged 362,140 units at $708,807 in contrast to 256,183 at $495,210 on Monday. The month to date averaged 236,210 units at $559,238, compared to 224,762 units at $545,641 on Monday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial advanced $1 to $22 with 1,133 shares changing hands, Blue Power rose 38 cents to $3.19 with an exchange of 2,021 stock units, CAC 2000 shed $1.65 to settle at $10.60 with 4,159 stocks passing through the market. Cargo Handlers jumped 95 cents to $7.90, trading 93 units, Caribbean Assurance Brokers slipped 6 cents to $1.80 with a transfer of 19,029 shares, Caribbean Cream rose by 20 cents to $4.50 with 88,070 stock units changing hands. Caribbean Producers rose 17 cents to $2.78 with 10,750 stocks crossing the exchange, Elite Diagnostic fell 10 cents to $2.85 with 30,690 shares traded. Everything Fresh slipped 5 cents to 70 cents with 168,500 stock units changing hands, Express Catering fell 10 cents to $3.45 with 92,418 stocks changing hands, Fontana jumped 40 cents to $5.80 with 141,055 units traded. Fosrich dropped 19 cents to $4.20 with a transfer of 31,681 shares, General Accident lost 37 cents to close at $6 with 23,784 units changing hands, Honey Bun rose 5 cents to $5.59 with 7,488 stock units passing through the market. Jamaican Teas added 2 cents exchanging 1,118,927 units at a record close of $2.79, KLE Group advanced 21 cents to $1.37 with 2,387 units traded.

Knutsford Express fell 15 cents to $6.60 with 999 stocks changing hands, Lasco Distributors dropped 20 cents to $3.20 with an exchange of 38,500 stock units, Lasco Manufacturing increased by 7 cents to $4.07 with 8,500 shares traded, Lumber Depot exchanged 3,047,431 stock units and lost 5 cents to close at $1.54. Mailpac Group shed 30 cents trading 1,398,183 shares to finish at $3.60 Main Event fell 10 cents to $3 with a transfer of 48,902 units and Tropical Battery advanced 9 cents to $1.09 with 3,894,959 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More gains for Junior stocks

January 18, 2021 by

Stocks pushed higher in trading on Monday to post year to date gains of just over three percent, with the Market Index increasing 22.89 points to 2,725.48 as the Junior Market of the Jamaica Stock Exchange closed after rising stocks exceeded declining ones.
Trading ended with 37 securities changing hands compared to 35 on Friday, with prices of 14 stocks rising, 13 declining and 10 remaining unchanged. Jamaican Teas and Mailpac ended at record closing highs.
The average PE Ratio ended at 13.9 based on ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 13 percent fewer shares with 32 percent lower value than on Friday as 9,478,771 shares traded for $18,322,788, down from 10,923,530 units at $27,075,114 on Friday.
Tropical Battery led trading with 50.2 percent of total volume for 4.76 million shares followed by Jamaican Teas with 15.2 percent for 1.44 million units and Derrimon Trading with 1.15 million units for 12.2 percent market share.
Trading averaged 256,183 units at $495,210, in contrast to 312,101 at $773,575 on Friday. Trading month to date averaged 224,762 units at $545,641, compared to 221,421 units at $551,003 on Friday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of trading, Blue Power lost 9 cents ending at $2.81, in exchanging 15,922 shares, Caribbean Assurance Brokers gained 6 cents to close at $1.86 trading 13,665 stock units, Caribbean Cream shed 40 cents to finish at $4.30, with investors swapping 7,800 units. Caribbean Flavours rose 5 cents to $1.65, after a transfer of 24,204 stocks, Caribbean Producers closed at $2.61, with a loss of 14 cents, in exchanging 68,474 shares. Express Catering ended 21 cents lower at $3.55, with the swapping of 12,913 stocks, Fontana shed 30 cents to end at $5.40 trading 238,408 shares, General Accident rose 12 cents to $6.37, in swapping of 500 units, Honey Bun shed 5 cents to close at $5.54, with 3,600 shares changing hands. Indies Pharma gained 5 cents to close at $2.50, after 38,684 stock units, crossed the market, ISP Finance advanced by $3.39 to $22.89, and transferred 5,000 shares, Jamaican Teas rose 29 cents to $2.77, with an exchange of 1,444,299 stock units, Lasco Distributors closed 22 cents higher at $3.40, in clearing the market with 118,975 shares. Limners and Bards slipped 20 cents to $2.62 after trading 50,000 units. Lumber Depot gained 13 cents in ending at $1.59, after switching ownership of 38,266 stock units, Mailpac Group rose 15 cents to $3.90, with an exchange of 798,398 shares, Medical Disposables closed at $4.22, after gaining 12 cents transferring 57 stock units. Stationery and Office Supplies slid 44 cents to $4.10, with 31,308 units crossing the market, Tropical Battery slipped 12 cents to $1, trading 4,760,765 shares after the company posted audited accounts showing profit falling to just $29 million from $73 million based on the interim, full-year results. tTech lost 5 cents to close at $4.10, with 29,396 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market nearing March 4 level

January 16, 2021 by

The young bulls continue to push upward pressure on the Jamaica Stock Exchange Junior Market in January moving the market up 2.2 percent to date, with a 22.27 points rise on Friday to 2,702.59, surpassing the mid-April high of 2,686.90.
The market index is now only 57 points away from the next high point of 2,758.76 points on March 4, last year, but still some way off from the March high at the start of that month.
Trading ended with 35 securities changing hands, up from 33 on Thursday and concluded with prices of 13 stocks rising, 15 falling and seven closed unchanged.
The market closed with investors exchanging 11 percent fewer shares with 15 percent lower value than on Thursday as 10,923,530 shares traded for $27,075,114, down from 12,301,306 units at $31,743,002 on Thursday. The average PE Ratio ended at 14 based on ICInsider.com’s forecast of 2020-21 earnings.
Jamaican Teas led trading with 37.4 percent of total volume after trading 4.08 million shares, followed by Derrimon Trading 29 percent with an exchange of 3.17 million units and Caribbean Flavours with 11.4 percent market share with a transfer of 1.25 million stock units.
Trading averaged 312,101 units at $773,575in contrast to 372,767 at $961,909 on Thursday. Trading month to date, averaged 221,421 units at $551,003, up from 211,281 units at $526,115 on Thursday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, AMG Packaging slipped 4 cents to $1.65 trading 35,023 shares, Cargo Handlers shed 95 cents to end at $6.95 with an exchange of 960 units. Caribbean Cream dropped 28 cents to $4.70 with 133,687 stock units changing hands after the company reported nine month results to November, on Thursday, with profits doubling. Caribbean Flavours traded 1,246,924 shares and lost 5 cents to close at $1.60, Dolphin Cove declined by 74 cents to close at $8.76 with 5,066 stock units passing through the market, Elite Diagnostic fell 5 cents to $2.95 with 9,500 shares changing hands, Everything Fresh rose 5 cents to 75 cents with investors switching ownership of 8,488 stocks. Fontana rose 25 cents to $5.70, with an exchange of 76,181 units, Fosrich climbed 39 cents to $4.40 with 10,802 stock units changing hands, General Accident increased by 15 cents to $6.25 trading 12,000 shares. Indies Pharma dropped 25 cents to $2.45 with 33,018 units passing through the market, Jamaican Teas exchanged 4,080,360 shares and gained 13 cents to finish at $2.48, Knutsford Express increased 8 cents to $6.78 with 3,559 units traded, Lasco Financial fell 4 cents to $2.60 with a transfer of 103,165 stocks.

Lumber Depot dropped 9 cents to close at $1.46 with 131,622 stocks changing hands. Mailpac Group advanced 15 cents in trading 982,100 stock units to finish at a record closing high of $3.75, Main Event gained 10 cents to end at $3.10 with a transfer of 6,165 units, Paramount Trading rose 5 cents to $1.30 with 3,920 shares changing hands and Stationery and Office Supplies jumped 43 cents to $4.54 with 47,002 stocks traded.
In the preference segment, Derrimon Trading advanced 2 cents to $2.10 with 12,211 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

New record close for Mailpac

January 14, 2021 by

Mailpac, the second highest volume trader on Thursday, logged a new closing high of $3.60 at the close of the Jamaica Stock Exchange, Junior Market, bettering Wednesday’s record close by 40 cents. Derrimon Trading was volume leader for a third consecutive day as the market enjoyed a bullish day with some sharp price changes.

Mailpac climbed to a new record on Thursday, with a 40 cents jump in the stock price.

Investors drove the Market Index 32.52 points higher, to close at 2,680.32, up 1.4% for 2020, to date and just 7 points away from taking out the mid-April 2020 high, but is still some distance from March 2020 high.
Trading ended with 33 active securities, down from 38 on Wednesday with 17 rising, 10 declining and six remaining unchanged.
The average PE Ratio ends 14.1 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close of the market, 12,301,306 shares traded at $31,743,002, down from 19,836,593units at $49,149,593 on Wednesday.
Derrimon Trading led the day with 65.3 percent of total volume after trading 8.04 million shares, followed by Mailpac Group with 20.1 percent in an exchange of 2.47 million units and Limners and Bards 3.2 percent after a transfer of 398,818 stock units.
Trading averaged 372,767 units at $961,909 down from 522,016 at $1,293,410 on Wednesday. The month to date trade averaged 211,281 units at $526,115 versus 192,249 units at $474,753 on Wednesday. December ended with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of trading, Cargo Handlers advanced 24 cents to $7.90 with 6,272 units passing through the market, Caribbean Assurance Brokers fell 5 cents to $1.80 with 10,500 stocks changing hands. Caribbean Cream increased 8 cents to $4.98 with a transfer of 5,183 stock units, Caribbean Producers gained 5 cents to end at $2.75 with ownership of 580 shares switched. Dolphin Cove jumped 40 cents to $9.50 with 1,000 stock units traded, Everything Fresh slipped 4 cents to 70 cents with 11,000 shares passing through the market, Fontana lost 5 cents to end at $5.45 with 28,285 stocks changing hands. Fosrich rose 4 cents to $4.01 with a transfer of 12,726 units,  General Accident advanced 10 cents to $6.10 with 6,700 stock units traded,  Honey Bun gained 19 cents to end at $5.59 with 300 shares traded. Indies Pharma climbed 39 cents to $2.70 with 12,000 stocks passing through the market, Knutsford Express gained 12 cents to finish at $6.70 with a transfer of 8,518 stock units, Lasco Distributors rose 4 cents to $3.18 with an exchange of 15,000 units, Lasco Financial declined by 5 cents to $2.64 with 75,162 shares passing through the market. Lasco Manufacturing advanced 20 cents to $4 with 281,948 stocks changing hands, Limners and Bards traded 398,818 stock units after rising 15 cents to finish at $2.80, Lumber Depot rose 6 cents to $1.55 with a transfer of 299,471 units. Mailpac Group exchanged 2,472,264 shares and gained 40 cents to close at a record high of $3.60, Main Event dropped 24 cents to $3 with 4,591 units passing through the market, Medical Disposables fell 10 cents to $4.10 with 86 stocks changing hands. SSL Venture rose 5 cents to 55 with a transfer of 20,500 stock units, Stationery and Office Supplies lost 39 cents to close at $4.11 in trading 2,982 shares and Tropical Battery slipped 4 cents to $1.14 with 89,040 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Derrimon dominates Junior Market

January 13, 2021 by

Derrimon Trading was the volume leader on the Junior Market of the Jamaica Stock Exchange for a second consecutive day on Wednesday, with 16.2 million shares changing hands at $2.40 as Mayberry group offloads a portion of the big holdings in the company.
Trading ended with 38 securities changing hands compared to 36 on Tuesday and closed with the prices of 14 stocks rising, 15 declining and nine ending firm and edging the Junior Market Index down 8.77 points to 2,647.80 for the second day of slippage after Mailpac ended at a new record closing high after it traded as high as $3.30 during the day.
The average PE Ratio ended at 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 19,836,593 shares for $49,149,593 up sharply from 3,738,109 units at $9,393,036 on Tuesday. Derrimon Trading led trading for a second consecutive day with 81.6 percent of total volume, followed by Jamaican Teas with 5.4 percent for 1.08 million units and Mailpac Group with 5.4 percent for 1.06 million share units.
Trading averaged 522,016 units at $1,293,410, in contrast to 103,836 at $260,918 on Tuesday. Trading month to date averaged 192,249 units at $474,753 compared to 140,467 units at $346,204 on Tuesday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Blue Power shed 39 cents to settle at $2.89 trading 90 shares, Cargo Handlers rose 76 to $7.66, after clearing the market with 1,953 shares. Caribbean Cream gained 29 cents to end at $4.90, with 92,483 shares crossing the market, Caribbean Flavours picked up 5 cents to close at $1.65, in an exchange of 18,325 stocks. Caribbean Producers lost 5 cents to settle at $2.70, after clearing the market with 86,779 units, Consolidated Bakeries gained 16 cents to end at $1.36 with investors swapping 58,100 stocks, Dolphin Cove dropped $1.49 to close at $9.10, in an exchange of 4,821 units. Express Catering climbed 21 cents to $3.76 after exchanging 750 shares. Fosrich gained 12 cents in ending at $3.97 in an exchange of 7,050 stock units, General Accident shed 21 cents to close at $6, with 308,338 units changing hands, GWest Corporation picked up 14 cents to settle at 74 cents, after crossing the market with 2,600 stocks. Indies Pharma fell 24 cents to $2.31, with 204,285 stock units changing hands, Jamaican Teas gained 5 cents in closing at $2.35, in an exchange of 1,075,935 stock units. Knutsford Express lost 22 cents in ending at $6.58 trading 3,042 shares, Lasco Manufacturing lost 9 cents to settle at $3.80, in transferring 37,045 units, Mailpac Group closed 19 cents higher at $3.20, in switching ownership of 1,064,465 stock units. Main Event rose 27 cents to $3.24, after crossing the market with 150 stock units, SSL Venture lost 5 cents to settle at 50 cents, with an exchange of 83,250 stocks and Tropical Battery gained 6 cents to close at $1.18, trading 11,043 shares.
In the preference segment, Derrimon Trading preference share shed 2 cents to close at $2.08, in trading 2,200 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market retreats modestly on Tuesday

January 12, 2021 by

Fewer stocks declined on Tuesday than on Monday but that was insufficient to prevent the market Index from losing 8.76 points to settle at 2,656.57 at the close of trading on the Junior Market of the Jamaica Stock Exchange with the market declining after 43 percent fewer shares traded than on Monday.
Trading ended with 36 securities, the same as on Monday, with 12 stocks rising, 14 declining and 10 remaining unchanged.
The market closed with 3,738,109 shares for $9,393,036 down sharply from 6,606,503 units at $19,339,751 on Monday. Derrimon Trading was the volume leader with 58.8 percent market share after an exchange of 2.2 million shares, followed by Mailpac Group accounting for 17.3 percent with 647,751 units and Jamaican Teas with 7.3 percent after an exchange of 273,458 units.
Trading averaged 103,836 units at $260,918 in contrast to 183,514 at $537,215 on Monday. Trading month to date averages 140,467 units at $346,204, down from 146,869 units at $361,108 on  Monday. December averaged 263,428 units at $638,694.
At the close, the average PE Ratio ends at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial dropped $2 to $21 with 2,150 shares changing hands, CAC 2000 jumped $1.60 to $12.25 as 2,000 stocks crossed the market. Cargo Handlers shed $1 to close at $6.90 with just one unit traded, Caribbean Flavours lost 5 cents to settle at $1.60 with 12,028 units changing hands. Caribbean Producers fell 7 cents to $2.75 with an exchange of 11,874 stocks, Elite Diagnostic advanced 28 cents to $2.99 with 50 shares trading, Everything Fresh gained 5 cents to finish at 74 cents with a transfer of 1,811 units. Express Catering lost 10 cents to settle at $3.55 with 3,400 stocks changing hands, Fontana dropped 20 cents to $5.50 with an exchange of 50,717 shares, GWest Corporation fell 10 cents to 60 cents with 83,942 stock units crossing the exchange. Honey Bun declined by 19 cents to $5.40 with 6,000 units traded, Indies Pharma fell 15 cents to $2.55 with a transfer of 36,362 stocks, Lasco Distributors gained 7 cents to end at $3.18  with 20,242 shares traded. Limners and Bards advanced 7 cents to $2.65 after switching ownership of 22,278 stocks, Lumber Depot added 5 cents to settle at $1.52 with 7,000 units changing hands. Mailpac Group exchanged 647,751 shares and gained 6 cents to close at a record closing high of $3.01, Medical Disposables fell 7 cents to $4.20 trading 105 units and tTech shed 74 cents to end at $4.16 with 11,969 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More gains for Junior Market Index

January 11, 2021 by

Investors keep on trading with more aggression since the start of the year, pushing the Junior Market of the Jamaica Stock Exchange higher, with gains of just under one percent ahead of the 2020 close, after the value of stocks trading climbed 22 percent on Monday over Friday.
Trading ended with 36 securities changing hands compared to 33 on Friday and closed with 11 stocks rising, 21 declining and four remaining unchanged.
At the close, the Junior Market Index increased 19.88 points to settle at 2,665.33, and the average PE Ratio ended at 13.9 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 6,606,503 shares for $19,339,751 compared to 6,980,827 units at $15,826,363 on Friday.
Derrimon Trading accounted for 26.3 percent of total volume, with 1.73 million shares as the leading volume stock, followed by Jamaican Teas with 22.3 percent for 1.48 million units and Lasco Manufacturing with 18.7 percent for 1.23 million shares.
Trading averaged 183,514 units at $537,215 in contrast to 211,540 at $479,587 on Friday. Trading month to date averaged 146,869 units at $361,108, compared to 139,108 units at $323,815 on Friday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Blue Power gained 47 cents in closing at $3.28, with 2,600 shares changing hands, Cargo Handlers shed 10 cents to close at $7.90, with the swapping of 1,090 stocks, Caribbean Cream rose 20 cents to $4.60 after 106,353 units crossed the exchange. Consolidated Bakeries fell 13 cents to $1.20, in an exchange of 16,000 shares. Dolphin Cove closed at $10.59, with a loss of 41 cents and 2,642 shares crossing the exchange, Everything Fresh lost 6 cents in ending at 69 cents after trading 20,000 shares. Express Catering rose 18 cents to $3.65, in switching ownership of 500 stocks, Fontana fell 5 cents to $5.70, with 571,131 stock units clearing the market, Fosrich ended 13 cents lower at $3.85, in switching ownership of 29,497 shares. GWest Corporation lost 5 cents in closing at 70 cents, after exchanging 21,204 stocks, Indies Pharma gained 9 cents to settle at $2.70, after switching ownership of 78,051 stock units, Iron Rock Insurance lost 20 cents to close at $4, finishing with a transfer of 50 shares. Jamaican Teas rose 24 cents to $2.29, in an exchange of 1,476,016 stock units, KLE Group shed 16 cents to close at $1.16, with 5,000 units crossing the market. Lasco Distributors closed at $3.11, with a loss of 9 cents in exchanging 11,100 stock units, Limners and Bards fell 7 cents to $2.58, with an exchange of 30,351 stock units, Mailpac Group gained 7 cents in ending at $2.95, after crossing the market with 662,681 shares. Paramount Trading shed 10 cents in closing at 52 weeks’ low of $1.25 after trading 24,195 stock units, SSL Venture gained 9 cents to end at 59 cents after exchanging 1,000 units and Tropical Battery shed 5 cents ending at $1.13 trading 202,058 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Slippage for Junior Market to end week

January 8, 2021 by

In early trading, stocks put on 19 points within 30 minutes of the Jamaica Stock Exchange Junior Market on Friday, but the market pulled back towards the close and ended with a small loss but closed out the week just ahead of the close for 2020.
Trading ended with 33 securities changing hands compared to 36 on Thursday and ended with the prices of eight stocks rising, 17 falling and eight closed unchanged.
At the close, the Junior Market Index fell 14.93 points to finish at 2,645.45. The average PE Ratio ended at 14.1 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 88 percent more shares than Thursday after 6,980,827 shares crossed the exchange for $15,826,363, up from 3,708,908 units at $9,028,138 on Thursday.
Mailpac Group led trading with 30.5 percent of total volume, accounting for 2.13 million shares, followed by Derrimon Trading with 22.7 percent with an exchange of 1.58 million units and iCreate 17.4 percent with 1.21 million stock units.
Trading averaged 211,540 units at $479,587 compared to 103,025 at $250,782 on Thursday. Trading month to date averaged 139,108 units at $323,815, versus 121,661 units at $286,293 on Thursday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator shows no stock ended with bids higher than the last selling prices and four ended with lower offers.
At the close of the market, Blue Power dropped 45 cents to $2.81 with the trading of 9,628 stocks, CAC 2000 shed $2.35 to end at $10.65 as 14,031 units changed hands. Cargo Handlers 40 cents to $8 with a transfer of 8,000 stock units, Caribbean Flavours rose 8 cents to $1.68 with 371 units trading, Caribbean Producers rose 5 cents to end at $2.80 with 27,224 shares traded, Dolphin Cove jumped $2 to $11 trading 35,208 units, Elite Diagnostic dropped 28 cents to finish at $2.71 with an exchange of 10,055 shares. Express Catering fell 27 cents to  $3.47 with 115,000 stock units passing through the market, Fontana rose 29 cents to $5.75 with 61,978 stocks changing hands, Fosrich shed 42 cents to end at $3.98 with a transfer of 62,301 units. Honey Bun slipped 5 cents to $5.60 with 10,279 shares traded, Indies Pharma dipped 9 cents to $2.61 with an exchange of 25,446 stocks, Lasco Manufacturing rose 5 cents to $3.90 with investors swapping 1,649 shares. Mailpac Group traded 2,130,888 units and declined 7 cents to close at $2.88 and Stationery and Office Supplies advanced 27 cents to $4.52 with 193,963 stocks changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,