Juniors’ volume falls again – Thursday
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. The 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, C2W 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.
Trading jumps for juniors stocks – Wednesday
Market activity resulted in advancing stocks being edged by declining stocks 4 to 5, pushing the junior market index down by 20.19 points to 2,394.34.
At the close, 13 securities traded as trading jumped 728 percent from Tuesday’s levels, ending with 9,170,473 units changing hands, than on Tuesday, while value traded, jumped 510 percent to $51,520,805 from $8,452,329, on Tuesday.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
In other trading activity, AMG Packaging jumped $2.40 to end at $20 with 21,662 units changing hands, Blue Power closed with 1,240 units changing hands to close at $24.50 after falling $3.50, Caribbean Cream closed trading with 80,500 units at $10. Caribbean Flavours traded 894,508 units to end at $8.60 with a rise of 60 cents, Caribbean Producers gained 1 cents in trading 17,000 units to end at $3.51, Honey Bun traded 17,036 shares and fell 20 cents to $6, Jamaican Teas traded 3,296 units to end at $4. Jetcon Corporation lost 20 cents with 6,200 units changing hands, to end at $3.80, Lasco Distributors had 800,475 units trading and closed at $7, Lasco Financial fell 10 cents and ended with 69,370 shares changing hands at $3.10, Lasco Manufacturing closed at $4.99 with 7,025,629 shares trading. Medical Disposables traded 213,287 with a gain of 18 cents to end at a 52 weeks’ high of $5.05 and Paramount Trading dropped $1 to end with 20,270 shares changing hands at $25.
JSE majors drop sharply
The Jamaica Stock Exchange market stocks indices fell in Wednesday morning with big fall in the main market indices trading with volume increasing over Tuesday’s levels.
The all Jamaica Composite Index dropped 2150.07 points to 185,347.93 the Jamaica Stock Exchange Market Index dived 1,922.55 points to 166,775.78, the Jamaica Stock Exchange combined index slipped 1,858.71 points to close at 179,394.69 and the junior market index dipped 7.37 points to 2,407.16.
At 10.45 am, a total of 22 securities traded, resulting in a volume of 1,599,416 shares changing hands carrying a value of $10,753,662, compared to 2,592,474 shares changing hands carrying a value of $31,641,641 on Tuesday.
The average number of shares traded amounts to 72,701 units compared to 92,588 on Tuesday. Market activity resulted in 6 stocks falling while the prices of 9 securities rose.
JMMB Group traded 56,992 units and lost $1.50 to trade at $13.50, Scotia Investments jumped to $34 from $30 while trading 26,000 units, Blue Power Group pulled back from $28 that it closed at on Tuesday to $23.50 on small volume and Lasco Financial Services dropped to $2.80 from $3.20.
Jamaica Money Market Brokers 7.50% preference share had 355,130 units trading at $2.10, Caribbean Flavours & Fragrances traded 820,700 and rose to $8.60 from $8, Cable & Wireless traded 103,300 units at 98 cents.