Caribbean Flavours

Juniors slip again on Thursday

January 21, 2016 by IC Insider.com

Honey Bun closed at a 52 weeks’ high of $7.65.

The junior market closed on Thursday with 16 securities trading, 6 of which advanced, 6 declined with the market index falling by 6.44 points to end at 2,239.88. A total of 2 stocks closed at a new 52 weeks’ highs.
The volume of 1,498,422 units changed hands, valued at $9,013,294 with indicators showing potential for a resumption of upward price movements with the supply of stocks being reduced as indicated by the increased number of stocks without offers. At the close, 1 security ended with no bid to buy and 8 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Blue Power ended at $11 with 6,433 shares trading, C2W Music ended at 49 cents while 48,850 units changed hands, Cargo Handlers closed with a loss of 1 cent at $11 with 2,280 units changing hands, Caribbean Cream ended with 35,000 shares changing hands with a loss of 5 cents to close at $4.75. Caribbean Flavours traded 352,178 units to close with a rise of 10 cents to end at $9, Consolidated Bakeries closed at $1.40 with 69,807 units trading, Derrimon Trading closed at $4.10 after losing 5 cents with 50,000 shares trading, Dolphin Cove traded 20,000 shares with a gain of 8 cents to close at $15.68. General Accident lost 20 cents while trading 2,100 shares to close at $2.10,

Honey Bun rose 24 cents in closing at a 52 weeks’ high of $7.65 as 32,000 shares changed hands, KLE Group ended at new 52 weeks’ high of $2.20 with 34,000 shares changing hands with a gain of 10 cents. Lasco Distributors closed with 150,700 units trading and ended with a loss of 13 cents at $7.87, Lasco Financial closed at $4.15 with 278,988 shares changing hands after gaining 15 cents. Lasco Manufacturing lost 1 cent in trading 358,622 shares to close at $4.99, Paramount Trading gained 2 cents to close at $10.55 with 29,500 shares trading and tTech closed at $4.70 with 27,964 units changing hands.

Filed Under: JSE Junior Market, Stock Market Tagged With: Blue Power, C2W Music, CAC 2000, Cargo Handlers, Caribbean Flavours, Daily Trading, Dolphin Cove, Honey Bun, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

Juniors rise slightly on Tuesday

January 19, 2016 by IC Insider.com

A high percentage of the stocks listed on the junior market were active on Tuesday with 18 trading, 6 of which advanced, 4 declined, the market index was up a miniscule 6.24 points to end at 2,249.07. A total of 6 stocks closed at a new 52 weeks’ highs.
The volume of 1,840,258 units changed hands, valued at $6,617,973 with indicators showing potential for a resumption of upward price movements with the supply of stocks being reduced as indicated by the increased number of stocks without offers. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, AMG Packaging price rose 20 cents to a new high of $11.40 with 32,190 shares changing hands, C2W Music ended at 49 cents while 27,516 units changed hands, Caribbean Cream ended with 4,000 shares changing hands at $4.94, Caribbean Flavours traded 11,353 units to close with a loss of 10 cents to end at $8.90. Caribbean Producers had 13,361 units changing hands but rose 20 cents to close at $5.50 Consolidated Bakeries closed at $1.40 with 273,000 units trading. Derrimon Trading closed at $4.15 with 33,167 shares traded, Dolphin Cove traded at $15.60 as 1,000 shares changed hands, General Accident fell 24 cents while trading 573,067 shares to close at $2.19. Honey Bun closed at $7.60 as 104,424 shares changed hands, Jamaican Teas lost 5 cents with 400 shares trading to close at a $5.20, KLE Group ended at $2 with 127,714 shares changing hands. Lasco Distributors closed with 105,295 units trading and ended unchanged at $8, Lasco Financial lost 20 cents to close at $4 with 196,579 shares changing hands. Lasco Manufacturing traded 245,720 shares and gained 5 cents to close at $5, Medical Disposables had 30,574 shares changing hands with a rise of 55 cents to close at $3.55, Paramount Trading ended at a 52 weeks’ high by rising 5 cent to close at $10.55, but only 135 shares traded and tTech closed with a gain of 10 cents at $4.90 with 60,583 units changing hands.

Filed Under: JSE Junior Market, Stock Market Tagged With: C2W Music, CAC 2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Honey Bun, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

7 juniors closed at 52 weeks’ high

January 13, 2016 by IC Insider.com

CAC 2000 traded at new high of $6.50 to gain 234% since listing last week.

Investors pumped the junior up once more but more moderately than for the previously as attempts were made to move some prices higher but they failed to hold at the end of trading. At the close the junior market was down by 1.93 points to end at 2,355.27, having traded higher during the day. The market closed with 19 securities trading, 12 of which advanced, 4 declined with 7 closing at a new 52 weeks’ highs. A volume of 4,042,552 units changed hands, valued at $20,240,373.
At the close, 1 security ended with no bids to buy and 9 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, Access Financial traded 9,000 units with a gain of 50 cents to end at $16.50 while newly listed CAC 2000 traded 5,000 shares at a new 52 weeks’ high of $6.50 to gain 8 cents, C2W Music ended 2 cents higher to close at 49 cents while 336,500 units changed hands. Caribbean Cream ended with 122,000 shares changing hands to end at $5. Caribbean Flavours traded 58,200 units to close at $9, Caribbean Producers had 73,400 units changing hands, but slipped 5 cents to close at $5.50, Consolidated Bakeries rose 20 cents while trading 393,375 shares at $1.40, Derrimon Trading ended at $4.07 with a gain of 2 cents while 25,000 units traded at a 52 weeks’ high. General Accident traded 78,900 shares to close at $2, Honey Bun with 13,652 shares changing hands, closed with a gain of 20 cents at a 52 weeks’ high of $7, Jamaican Teas had 5,820 shares trading to close at a 52 weeks’ high of $5.60 to record an increase of 10 cents.

KLE ended at $1.90 with 71,470 shares changing hands after rising by 7 cents to a new 52 weeks’ high, Lasco Distributors closed with 398,319 units trading and ended with a loss of 50 cents at $8.50, Lasco Financial gained 1 cent to close at $5 with 378,257 shares changing hands. Lasco Manufacturing traded 1,932,125 shares but fell 48 cents to close at $5, Medical Disposables gained 19 cents and ended with 54,500 shares changing hands at $3.30, Paramount Trading closed with 1,000 units changing hands at 52 weeks’ high of $10.10 and tTech closed at a new 52 weeks’ high of $5.49 with 385,034 units changing hands to gain 19 cents. The stock traded as high as $6 during the trading day.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: C2W Music, CAC 2000, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, General Accident, Honey Bun, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

tTech gains 114% in 1 week

January 12, 2016 by IC Insider.com

tTech gained 114% since it was listed last week

Investors pumped up the prices of the heavily weighted Lasco Manufacturing by 48 cents while CAC 2000 climbed 74 cents to a new high and tTech jumped $1.20 to new highs and helped to push the junior market up by 4.32 percent increase or 97.62 points to land at 2,357.20.
The market closed with 16 securities trading 7 of which advanced, 6 declined with 3 closing at a new 52 weeks’ highs. A volume of 5,129,787 units changed hands, valued at $30,252,961.
At the close, 1 security ended with no bids to buy and 8 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, newly listed CAC 2000 traded 10,000 shares at a new 52 weeks’ high of $6.42 to gain 74 cents for the day and an increase of 32 percent since listing last week. C2W Music ended 3 cents down to close at 47 cents while 29,900 units changed hands, Caribbean Cream ended with 377,064 shares changing hands as the price rose 45 cents to end at $5. Caribbean Flavours traded 22,000 units to close with a rise of 12 cents at $9, Caribbean Producers had 29,814 units changing hands, but slipped 5 cents to close at $5.55, Derrimon Trading ended at $4.05, with 32,370 units trading, General Accident traded 111,376 shares to close with a loss of 5 cents, to end at $2. Jamaican Teas lost 7 cents with 43,000 shares changing hands, to close at $5.35, KLE Group rose 33 cents to $1.83 with 14,941 shares changing hands.

Lasco Distributors closed with 1,420,762 shares changing hands for a to end at $9, Lasco Financial fell 16 cents to close at $4.99 with 412,599 shares changing hands, Lasco Manufacturing traded 2,287,065 shares and rose 48 cents to close at a 52 weeks’ high of $5.08. Medical Disposables ended with 128,000 shares changing hands to close at $3.30, Sweet River closed with 64,500 units changing hands at $3.92 after rising 1 cent, tTech closed at a new 52 weeks’ high of $5.35 with 22,396 units changing hands to gain $1.20. The stock has gained 114 percent since it was listed last week following a successful IPO and Derrimon Trading preference share ended with 124,000 units changing hands to end at $2.10.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: C2W Music, CAC 2000, Caribbean Flavours, Caribbean Producers, Derrimon Trading, General Accident, Jamaican Stock, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

Hot day for juniors – up 8.2%

January 11, 2016 by IC Insider.com

Investors pumped up the prices of Lasco Distributors and Lasco Manufacturing to new highs and pushed the junior market up by 8.19 percent increase or 167.21 points to land at 2,259.58 well over resistance level around 2,200 points.
The market closed with 16 securities trading 9 of which advanced, 6 declined with 6 closing at a new 52 weeks’ highs. A volume of 2,024,430 units changed hands, valued at $9,319,672.
At the close, 1 security ended with no bids to buy and 10 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, newly listed CAC 2000 shares, did not trade but closed with the bid at $5.80 to buy 4.900 units, on Friday the stock traded at $5.68. C2W Music ended 1 cent down to close at 50 cents while 185,344 units changed hands, Cargo Handlers traded 125 units to close 15 cents higher at $37.65, Caribbean Cream ended with 126,619 shares changing hands as the price declined 13 cents to end at $4.55. Caribbean Flavours traded 14,252 units to close with a loss of 12 cents at $8.88, Caribbean Producers had 44,000 units changing hands, gained 10 cents to close at $5.60, Consolidated Bakeries fell 20 cents and ended at $1.20, with 222,198 units trading, General Accident traded 32,334 shares to close with a gain of 5 cents, to end at $2.05. Honey Bun gained 10 cents with 12,241 shares changing hands, to close at a 52 weeks’ high of $6.80, Jamaican Teas had 4,300 shares trading, to close with a loss of 8 cents at $5.42, KLE Group ended with a fall of 35 cents to $1.50, with 97,024 shares changing hands. Knutsford Express traded only 3,000 shares to close at a new 52 weeks’ high of $12.30 after rising $1.65, Lasco Distributors closed with 400,262 shares changing hands for a gain of $1.60, to end at a 52 weeks’ high of $9, Lasco Financial rose 15 cents to close at a 52 weeks’ high of $5.15 with 445,308 shares changing hands. Lasco Manufacturing traded 318,785 shares and rose 45 cents to close at a 52 weeks’ high of $4.60, Medical Disposables ended with 47,644 shares changing hands to close at $3.30, and tTech closed at a new 52 weeks’ high of $4.15 with 70,994 units changing hands to gain 55 cents.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: C2W Music, CAC 2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, General Accident, Honey Bun, Knutsford Express, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

Junior market jumps 8.7% to new high

January 8, 2016 by IC Insider.com

Junior market stocks is racing into resistance at 2,200 points, raising questions about the rally’s pace

Investors pushed the junior market to one of the highest moves in a day, with an 8.72 percent increase or 167.78 points to land at 2,092.37 or just over 100 points from the next resistance level around 2,200 points. The move was helped in no uncertain manner by big moves in the prices of the three Lasco companies and to a big move up in the price of Caribbean Cream following release of financial results showing earnings of 33 cents or $124 million for the nine months to November compared with just 8 cents in 2014.
The market closed with 18 securities trading 10 of which advanced, 3 declined with 8 closing at a new 52 weeks’ high. A volume of 10,672,995 units changed hands, valued at $46,214,999, with big volumes from Caribbean Cream 1,647,902 shares with a value of $7,340,719 and Lasco Manufacturing with 7,260,133 units valued at $29,899,891.
At the close, 2 securities ended with no bids to buy and 9 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, newly listed CAC 2000 shares, rose 25 cents to end at $5.68 compared to its IPO price of $4.85 with 15,000 shares trading and tTech that issue shares tin its IPO at $2.50 traded at a new high of $3.60 with a gain of 56 cents from Thursday’s close, with 69,981 shares changing hands. Elsewhere, AMG Packing gained $1.69 to close at a 52 weeks’ closing high of $9.05 with 200 shares trading, C2W Music ended with a rise of 6 cents to close at 51 cents while 20,500 units changed hands, Caribbean Cream ended with 1,647,902 shares changing hands as the price rose 50 cents to end at $4.68. Caribbean Flavours traded 7,000 units to close with a gain of 12 cents at $9, Caribbean Producers traded 104,165 units and gained 2 cents to close at $5.50, Consolidated Bakeries fell 10 cents and ended at $1.40, with 159,245 units changing hands, Derrimon Trading Company had 503,000 units trading, to close at $4.05. Dolphin Cove ended at $15.60 with 4,846 shares trading, General Accident traded 89,100 shares to close with a loss of 10 cents, to end at $2, Honey Bun gained 20 cents with

16,683 shares changing hands to close at a 52 weeks’ high of $6.70, Jamaican Teas had 27,000 shares trading, to close at $5.50, KLE Group ended with a fall of 2 cents to $1.85, with 15,000 shares changing hands. Lasco Distributors closed with 525,060 shares changing hands for a gain of 89 cents, to end at a 52 weeks’ high of $7.40, Lasco Financial rose 89 cents to close at a 52 weeks’ high of $5 with 153,000 shares changing hands. Lasco Manufacturing rose 30 cents to close at a 52 weeks’ high of $4.15, Medical Disposables ended with 4,000 shares changing hands to close with a loss of 25 cents at $3.30 and Paramount Trading closed at a new 52 weeks’ high of $10 with 66,180 units changing hands to gain $1.

Filed Under: JSE Junior Market, Stock Market Tagged With: C2W Music, CAC 2000, Caribbean Flavours, Caribbean Producers, Derrimon Trading, Dolphin Cove, Eppley, Honey Bun, Knutsford Express, Lasco Financial, Medical Disposables, tTech

Big jump in junior stocks as tTech & CAC trade

January 7, 2016 by IC Insider.com

tTech gained 22% on the first day of trading to close at $3.04.

Trading commenced on Thursday, in tTech and CAC 2000 shares, with the former rising 22 percent or 54 cents to end at $3.05 and CAC rose 12 percent or 43 cents to close at $5.43. The companies were enjoying the first day of trading following successful IPO offerings at $2.50 and $4.85 at the IPO stage. The junior market continued its bull run with a big 77.67 points move in the index to end at 1,924.59 for yet another new record close.
The market closed with 19 securities trading 10 of which advanced, 4 declined with 7 closing at a new 52 weeks’ high. A volume of 3,272,184 units changed hands, valued at $17,503,527.
At the close, 2 securities ended with no bids to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 3 closed with lower offers.
In trading, Access Financial Services closed at $16 after losing 6 cents with 22,300 units changing hands, AMG Packing gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. CAC rose 58 cents to close at $5.43 with 6,000 units changing hands, but the stock was offered at $5.43 at the close to sell 5,000 units. C2W Music ended with a rise of 2 cents to close at 45 cents while 114,000 units changed hands, Cargo Handlers lost 15 cents to end at $37.50 with 589 shares changing hands, Caribbean Cream ended with 379,183 shares changing hands as the price rose 29 cents to end at $4.18. Caribbean Flavours traded 75,871 units to close with a gain of 38 cents at $8.88, Caribbean Producers traded 9,500 units but gain 80 cents to close at $5.48, Consolidated Bakeries ended at $1.50, with 3,050 units changing hands, Derrimon Trading Company had 27,000 units trading, to close at $4.05. General Accident traded 23,600 shares to close with a loss of 10 cent, to end at $2.10, Honey Bun gained 22 cents with 114,652 shares changing hands and closed at a 52 weeks’ high of $6.50, KLE Group ended with a fall of 2 cents at $1.85 with 15,000 shares changing hands.

Lasco Distributors closed with 1,354,455 shares changing hands for a gain of 50 cents, to end at a 52 weeks’ high of $6.51, Lasco Financial rose 16 cents to close at a 52 weeks’ high of $4.11 with 55,598 shares changing hands. Lasco Manufacturing rose 20 cents to $3.80 with 349,634 shares trading, Medical Disposables ended with 5,000 shares changing hands at the close at $3.55, tTech had 257,952 units changing hands to gain 54 cents to close at $3.04, at the close there were no stocks on offer, while bids ranged from a low of $2.33 to a high of $3.05, Eppley 2019 preference shares traded 42,000 shares at $6.10 and Eppley 9.5% preference shares had 416,800 changing hands at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Eppley, Honey Bun, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

Juniors move to higher heights

January 5, 2016 by IC Insider.com

AMG Packaging closed at a new high of $7.20 on Tuesday.

The junior market started 2016 with the index gaining 24.19 points to end at 1,838.97 for a new record high. The market closed with 17 securities trading 7 of which advanced, 5 declined with 3 closing at a new 52 weeks’ high and 2 at an intraday 52 weeks’ high. A volume of 1,801,000 units changed hands, valued at $7,668,101.
At the close, 2 securities ended with no bids to buy and 8 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 4 closed with lower offers.
The junior market will have two new listing when trading commences on Thursday with tTech and CAC 2000 being added following successful IPO offerings. The listings were approved today by the Jamaica Stock Exchange.
In trading, Access Financial Services closed with a gain of 6 cents at $16.06 with 5,900 units changing hands, AMG Packaging gained 20 cents to close at a 52 weeks’ closing high of $7.20 with 9,954 shares trading, C2W Music closed with 174,441 units changing hands at 40 cents. Caribbean Cream ended with 153,300 shares changing hands as the price slipped by 8 cents to end at $4, Caribbean Flavours traded 11,474 units to close with a loss of 50 cents at $8.50, Caribbean Producers traded 3,636 units to close at $5.50, Consolidated Bakeries fell 7 cents to end at $1.42 with 8,000 units changing hands. Derrimon Trading Company had 16,550 units trading at $3.80 but ended the day with a bid at $4. Dolphin Cove ended at $15.60 with only 4,000 shares trading to gain 10 cents, General Accident traded 63,115 shares to close with a gain of 14 cents, to end at a 52 weeks’ high of $2.19.

Jamaica Teas ended at $5.05 with a while 39,500 units traded, but rose earlier to a 52 weeks’ intraday high of $5.25, KLE Group ended at $1.87 with 123,397 shares changing hands, Knutsford Express rose $1.05 with 7,678 shares trading to end at $10.65. Lasco Distributors closed with 750,787 shares changing hands for a gain of 20 cents, to end at a 52 weeks’ high of $5.70, Lasco Financial gained 10 cents to close at a 52 weeks’ high of $4 with 64,737 shares changing hands. Lasco Manufacturing dipped 5 cents to $3.55 with 388,215 shares trading and Paramount Trading ended with 2,916 shares changing hands at the close at $9 after it traded at an intraday high of $9.10.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Jamaican Stock, Knutsford Express, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Paramount Trading, Trading Activity, tTech

Juniors start 2016 at new high

January 4, 2016 by IC Insider.com

Lasco Financial traded at a new 52 weeks’ high high of $3.90

The junior market started 2016 with the index gaining 23.73 points to end at 1,814.78 for a new record high. The market closed with 13 securities trading 6 of which advanced, 2 declined with 4 closing at a new 52 weeks high and one at an intraday high. A volume of 1,707,388 units changed hands, valued at $6,741,784.
At the close, 1 security ended with no bids to buy and 8 securities had no stocks being offered for sale. A total of 2 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, Access Financial Services closed at $16 with 8,510 units changing hands, C2W Music closed with a gain of 1 cent as 256,277 units changed hands to a new 52 weeks’ high of 40 cents, Caribbean Cream ended with 500,000 shares changing hands at $4.08, Caribbean Flavours traded 45,000 units to close with a loss of 44 cents at $9. Caribbean Producers traded 3,340 units to close with a gain of 5 cents, at $5.50, Consolidated Bakeries gained 4 cents to end at $1.49 with 111,500 units changing hands,

General Accident traded 5,600 shares to close at $2.05, Honey Bun rose 3 cents, to end at a 52 weeks’ high of $6.18 with 120,000 units changing hands. Jamaica Teas ended at $5.05 with a loss of 5 cents while 28,634 units traded, KLE Group ended at $1.87 with 17,920 shares changing hands, Lasco Distributors closed with 389,944 shares changing hands at $5.50, but traded at an intraday 52 weeks’ high of $5.55. Lasco Financial closed at a 52 weeks’ high of $3.90, with a rise of 20 cents with 50,001 shares changing hands and Lasco Manufacturing closed at $3.58 with 170,662 shares trading, for an 8 cents rise.

Filed Under: JSE Junior Market, Stock Market Tagged With: C2W Music, Caribbean Flavours, Caribbean Producers, Daily Trading, Honey Bun, Jamaican Stock, Jamaican Teas, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Trading Activity

26 stocks rose over 100%

January 2, 2016 by IC Insider.com

The Jamaica stock market ended a momentous 2015 with the overall market doubling, aided by a 160 percent in the junior market to land the Jamaican market as the leader in the world in 2015. At the close, all three main market indices made huge gains to reach new record highs.
The JSE combined market index recorded gains of 102 percent for the year, the all Jamaica composite up 99 percent with the JSE Market Index climbing 97 percent.
In a year when just about anyone could use a dart to pick winning stocks out of the 51 securities that rose with gains ranging from a low of 1 percent to a high of 1,086 percent. Five stocks fell up to 17 percent and one ended with the price unchanged. A total of 25 securities rose by 103% or more and 16 between 50% and 95 percent.
After nearly 11 years passed, with the market not rising above the record set in 2005, the record was finally broken in the second half of 2015 as an announced takeover offer for the shares of Desnoes and Geddes helped push the market to new highs, but it was more than that. Treasury bill rates peaked at 9 percent in March 2014, falling to 6 percent by the end of 2015 was a major catalyst in igniting prices higher, aided by some strong increases in profit of a wide range of companies. The top 15 performing stocks for 2015 are those in the table. The Jamaica Stock Exchange delivered a stunning 1,085 percent gain for investors that were invested in the stock from the start of the year, followed by Pulse Investments with 757 percent and Caribbean Cement with 726 percent.

JSE stock gained 1,085% in 2015

The top performing junior market stock is Caribbean Cream with 444 percent, followed by Caribbean Flavours with 302 percent.
With the level of gains in 2015, the PE ratio of the market rose sharply to an average around 10 times 2015 earnings. Some stocks are selling above the average. Interest rates on Treasury bills are around 6 percent but that should fall in 2016 and will result in higher PE ratios as stocks become more attractive as an investment means than before. The local economy grew 1.5 percent in the September quarter, much higher than the previous two quarters, suggesting potential for higher growth levels in 2016, if so corporate profits should continue to grow, hence 2016 should be seeing continuation of the market growing.
With data going back to the start of the Jamaica stock market, indicating that on average only 2 out of the top 10 stocks in a year repeat that performance in the subsequent year, investors should be looking outside the top 10 performing stocks for big winners in 2016. Of the top ten ones that could do very well are Pulse, Caribbean Flavour, Honey Bun. Jamaica Stock Exchange should continue to see attractive gains, with increased stock market activities in 2016. That should mean more revenues and profits, but it will be difficult to see them in the top 10. With the company paying a high level of dividends, investors could see the stock as very attractive for income and thus drive the price higher than profits may suggest is possible.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Canadian dollar, Caribbean Cement, Caribbean Flavours, D&G, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, JSE Company, PE Ratios, Pulse Investments, treasury bill