161% up for junior record – Wednesday

December 30, 2015 by

New closing high for Lasco Distributors on Wednesday.

New closing high for Lasco Distributors on Wednesday.

The junior market is up 161 percent gain for 2015 with strong gains on Wednesday that pushed the market for emerging companies to yet another record. The index put on a strong 66.09 points to end at a record high of 1,792.15 as the market sets it sights on the next major point of resistance at 2,200 points.
The market closed with 11 securities trading 7 of which advanced, 1 declined with 2 closing at a new 52 weeks high. Volume changing hands amounted to 886,844 units, valued at $4,712,436.
At the close there was 1 security ending with no bid to buy and 6 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, C2W Music closed with 4,000 units changing hands at 38 cents, Caribbean Cream rose 18 cents with 64,025 shares changing hands at $3.98, Caribbean Producers traded 8,730 units to close at $5. Dolphin Cove ended with 2,908 shares changing hands at $15.75 by gaining 13 cents, General Accident ended with 1,000 shares trading close at $2.08.JM Trde Sht 30-12-15 KLE Group ended at $1.86 with 86,054 shares changing hands to record a gain of 3 cents to close at a new 52 weeks’ high, Knutsford Express ended at $9.60 with 178,474 shares changing hands, Lasco Distributors rose by 40 cents and closed with 124,055 shares changing hands at $5.40 for a 52 weeks’ closing high, Lasco Financial closed at $3.70, with 6,101 shares changing hands, Lasco Manufacturing closed at $3.50 with 278,997 shares trading and Eppley 2019 preference share gained 2 cents in trading 131,500 units at $6.10.

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

New junior record up 151% in 2015 – Tuesday

December 29, 2015 by

KLE closed at a 52 weeks' high in closing at $1.83 on Tuesday.

KLE closed at a 52 weeks’ high in closing at $1.83 on Tuesday.

Another record close for the junior market pushed the market for emerging companies to sit atop of 151 percent gain for 2015 with two trading days to go. On Tuesday the index put on 25.22 points to end at a record high of 1,726.06 as the market sets it sights on the 2,200 mark the next major point of resistance.
Trading ended with 12 securities trading of which 7 advanced and 1 declined with 3 closing at a new 52 weeks high. Volume changing hands amounted to 986,076 units, valued at $3,374,729.
At the close there was 1 security ending with no bid to buy and 5 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial closed with 6,490 units changing hands at $16, Caribbean Cream slipped 8 cents with 44,600 shares changing hands at $3.80, Caribbean Flavours closed at $9.44 with 18,938 shares changing hands, Caribbean Producers rose 42 cents in trading 52,000 units to close at $5. Dolphin Cove ended with 1,092 shares changing hands at $15.62 by gaining 12 cents, General Accident gained 20 cents with 1,000 shares trading close at $2.08. Jamaican Teas ended up by 55 cents with only 2,529 shares trading, JM Trde Sht 29-12-15KLE Group ended at $1.83 with 10,000 shares changing hands to record a gain of 28 cents, Lasco Distributors rose by 5 cents and closed with 157,804 shares changing hands at $5 for a 52 weeks’ high, after trading earlier at an all-time high of $5.50. Lasco Financial rose 17 cents to close at a new 52 weeks’ high of $3.70, with 26,998 shares changing hands, Lasco Manufacturing closed at $3.50 with 264,625 shares trading, the stock traded earlier as low as $3.10 and Derrimon Trading preference share ended with 400,000 shares trading at $2.10.

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

4 new highs for juniors – Thursday

December 24, 2015 by

Lasco Distributors closed at a new high of $4.90 on Thursday.

Lasco Distributors closed at a new high of $4.90 on Thursday.

Three stocks closed at 52 weeks’ highs and one at an intraday high as trading returned to normal on the junior market with the absence of any major trade. The junior market index advanced 36.17 points to 1,680.41.
The market closed with 14 securities trading of which 7 advanced and 4 declined. Volume amounted to 1,752,229 units, valued at $12,898,901 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Blue Power closed with 1,490 units changing hands to close at $13.10, Caribbean Cream gained 10 cents with 1,000 shares changing hands at $3.80, Caribbean Flavours rose 44 cents in trading 13,000 units to close at $9.44, Derrimon Trading ended with 20,767 shares changing hands at $3.80. Dolphin Cove closed at $15.50 after dropping 50 cents with 54,900 shares trading, General Accident lost 5 cents with 46,544 shares trading to close at $1.90. Honey Bun gained 11 cents with 1,500 shares changing hands, to close at a 52 weeks’ high of $6.11, KLE Group closed at a 52 weeks’ high of $1.55 with a gain of 35 cents as 6,000 shares changed hands, Knutsford Express rose 10 cents and ended at $9.60 with 910,117 shares changing hands.JM Trde Sht 24-12-15 Lasco Distributors rose by 30 cents and closed with 445,314 shares changing hands at $4.90 for a 52 weeks’ high, Lasco Financial lost 9 cents to close at $3.50, with 172,697 shares changing hands, the stock traded at $3.60 for an intraday high. Lasco Manufacturing gained 10 cents, to close at $3.40 with 67,000 shares trading, Derrimon Trading 11.75% preference share closed with a loss of 5 cents with 3,500 shares trading at $2.10 and Eppley 9.5% preference share lost 2 cents, to end with 8,400 shares trading at $6.

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Juniors have 5 new highs on Wednesday

December 23, 2015 by

Cargo Handlers ended at a new 52 weeks' high of $37.50.

Cargo Handlers ended at a new 52 weeks’ high of $37.50.

4 stocks closed at 52 weeks’ highs and one at an intraday high as trading volumes returned to normal on the junior market with the absence of any major trade. The junior market index declined by 22.67 points to 1,644.24 as the market closed with 14 securities trading of which 7 advanced and 4 declined. Volume amounted to 1,962,619 units, valued at $7,767,219 changing hands.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Cargo Handlers ended with 700 shares changing hands, for a gain of $1.50 and closed at a 52 weeks’ high of $37.50, Caribbean Cream had 1,029,160 shares changing hands at $3.70, Caribbean Flavours fell $1 in trading 17,700 units to close at $9, Caribbean Producers closed at $4.57 and lost 5 cents with 20,000 units changing hands. Derrimon Trading ended with 89,128 shares changing hands at $3.80. Dolphin Cove closed at $16 after dropping $1 with 3,100 shares trading, Honey Bun gained 8 cents with 10,000 shares changing hands, to close at a 52 weeks’ high of $6.08, Jamaican Teas rose 3 cents with 1,250 shares trading to close at $4.50. JM Trde Sht 23-12-15KLE Group closed at a 52 weeks’ high of $1.20 with a gain of 5 cents as 34,000 shares changed hands, Knutsford Express fell $1.15 and ended at $9.50 with 65,901 shares changing hands. Lasco Distributors closed with 225,870 shares changing hands at $4.60 after trading at an intraday 52 weeks’ high of $4.90. Lasco Financial rose 4 cents to close at a 52 weeks’ high of $3.59, with 225,870 shares changing hands, Lasco Manufacturing gained 30 cents, to close at $3.30 with 402,487 shares trading and Medical Disposables closed 30 cents higher at $3.55 with 500 shares trading.

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Proven sells Knutsford shares

December 22, 2015 by

Proven Mb siggn Knutsford Express traded a big block of 20,000,002 shares at $10.65 with the price falling 65 cents, helping the junior market to lose ground on Tuesday. The record of the company showed Proven Investments as the holders of the exact amount traded, representing 20 percent of the shareholdings with their brokerage house being the seller with NCB Capital Markets being the brokers buying.
The junior market index falling by 24.27 points to 1,666.91 points as the market retreated from the all-time high reached on Monday. Trading ended with 14 securities trading of with 7 advanced and 2 declined with 20,742,505 units, valued at $215,634,789 changing hands as 2 stocks closed at 52 weeks’ highs.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 2 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed at $16 with 2,646 units changing hands, AMG Packaging closed with 8,964 units changing hands at $7, Blue Power had 581 units changing hands to close at $13.10, Caribbean Cream gained 43 cents with 13,000 shares changing hands at $3.70. JM trde Sht-22-12-15Caribbean Flavours traded 450 units to close at a 52 weeks’ high of $10, by adding 97 cents, Caribbean Producers closed at $4.62 to gain 17 cents with 290,856 units changing hands, Consolidated Bakeries rose 10 cents while trading 35,000 shares at $1.20, Derrimon Trading ended with 27,247 shares changing hands at $3.80. General Accident closed at $1.95 with 4,500 shares trading, Honey Bun finished with 2,000 shares changing hands, to close at $6, Lasco Distributors closed with 80,000 shares changing hands at 25 cents higher at $4.60. Lasco Financial rose 43 cents to close at a 52 weeks’ high of $3.55, with 241,631 shares changing hands and Lasco Manufacturing lost 55 cents to close at $3 with 298,484 shares trading.

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Related party sells 40m Derrimon shares

December 17, 2015 by

Derrimon dominant shareholder sold off big block of shares.

Derrimon dominant shareholder sold off big block of shares.

Derrimon Trading Company ended with 40,051,505 shares valued at $155 million changing hands in only 7 lots, to close at a new closing high of $3.80 after gaining 1 cent.
Information is that a former shareholder acquired 40 million shares from a connected party. The only connected parties with that amount of shares, are Derrick Cotterell with 110,000,000 and Monique Cotterell with 40,000,000. Monica Bell mother to Derrick Cotterell also owns 40,000,000 shares or just under 14.6 percent of the issued ordinary shares, but she is not listed as a director of the company but would be regarded as a connected party.
The junior market closed on Thursday with 12 securities trading of which 7 advanced and 2 declined and 3 closed at new 52 weeks’ high. The junior market index gained 9.08 points to 1,636.95 with 43,233,932 units, valued at $166,308,887 changing hands.
At the close there was 1 security ending with no bid 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 one closed with a lower offer.
In trading, Access Financial Services closed with a gain of 9 cents at $14.11 with 2,000 units changing hands, AMG Packaging traded 24,074 units at $7 but traded at a new high of $7.50 in the morning session. Caribbean Cream closed at $3.27 to gain 47 cents with only 3,000 units changing hands. The stock closed with a bid to buy 40,000 units at $3.50 after attempts were made to trade over 1 million shares at $3.80. The trades were cancelled as the price would exceed 15 percent permitted for the day, with less than an hour of trading remaining, to allow for the unfreezing of the stock. JM - Trde Sht 17-12-15Caribbean Flavours rose 3 cents with 22,345 shares changing hands at a new 52 weeks’ high of $9 after hitting $9.30 earlier, General Accident ended with 62,300 shares changing hands at $1.94, for a loss of 10 cents, KLE Group traded at a new 52 weeks’ high of $1 after gaining a5 cents with 3,000 shares changing hands. Lasco Distributors closed with 206,600 shares changing hands at $4.35 after falling by 20 cents, Lasco Financial closed at $3, with 204,662 shares changing hands, Lasco Manufacturing gained 1 cent and closed at $3.31, with 2,652,146 shares trading. Paramount Trading ended with 2,000 shares changing hands at $9 and Eppley 10% preference share, ended with 300 units changing hands at $6.02.

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JSE inches up in early trading

December 17, 2015 by

The Jamaica stock market recorded small gains in early trading, in the main and junior markets. A total of 27 securities traded with 9 stocks rising and 8 declining as 1,112,484 units traded.
JSE intra 17-12-15At 10:45 am, the all Jamaica Composite Index gained 7.16 points to 160,179.83, the JSE Market Index gained by 6.41 points to 144,264.34, the JSE combined index gained 20.50 points to 150,757.74 and the junior market index is up 1.62 points to 1,629.49.
Interesting trades, with 75 minutes having elapsed are, Gleaner that fell to $1.25 cents with 202,000 units trading, the decline in the stock is a sign that a number of investors are not sold on the merger of the Gleaner Media and Radio Jamaica. Jamaica Broilers added $1.90 to the last price on Wednesday to be at $10.50, National Commercial Bank had traded 111,750 shares up to $39.70, but with 2,000 additional shares traded, the price was down to at $38.51. In the junior market AMG Packaging and Caribbean Flavours traded at a new highs of $7.50 and $9.30 respectively.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , ,

Junior market rises on Wednesday

December 16, 2015 by

Caribbean Flavours hit a new high of $9 on Wednesday

Caribbean Flavours hit a new high of $9 on Wednesday

Activity in the junior market ended on Wednesday with 10 securities trading of with 6 advanced and 3 declined. The junior market index gained 26.54 points to 1,627.87 with 2,721,358 units, valued at $9,118,051 changing hands.
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial traded 1,010 units at $14.02, to record a gain of 1 cent, Caribbean Flavours jumped 90 cents with 21,250 shares changing hands at a new 52 weeks’ high of $9, Caribbean Producers lost 35 cents in trading 18,509 units, to close at $4.25. General Accident ended with 1,000 shares changing hands at $2.04, for a gain of 13 cents, Knutsford Express climbed 80 cents to $11.30 with 5,267 shares changing hands. JM - Trde Sht 16-12-15Lasco Distributors closed with 17,050 shares changing hands at $4.55 after rising by 5 cents, Lasco Financial fell 10 cents ended at $3, with 97,827 shares changing hands. Lasco Manufacturing (LASM) gained 25 cents and closed at $3.30, with 2,553,756 shares trading. At the close the overhand of 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client was cleared. Medical Disposables lost 30 cents and ended with 5,000 shares changing hands at $3.25 and Eppley 10% preference share, ended with 689 units changing hands at $6.02.

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

4 new highs for Junior market – Tuesday

December 8, 2015 by

Derrimon hits a new high in fairly heavy trading in the stock on Tuesday.

Derrimon hits a new high in fairly heavy trading in the stock on Tuesday.

Activity in the junior market saw the ordinary shares of Derrimon Trading enjoying another day of high volume on Tuesday, with the largest block of shares, accounting for 3,331,784 units valued at $11,661,789. The price gained 2 cents to end at a 52 weeks’ high $3.52.
The traded volume in the stock is down compared to 5,881,908 units, valued at $20,586,056 that changed hands on Monday.
Overall, trading ended with a meagre increase of 0.36 points in the junior market index to 1,623.15 as 15 active securities ended with 9 stocks advancing and 2 declining with 5,858,828 units, valued at $21,128,004 changing hands.
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than the last traded prices and 2 closed with lower offers. Four stocks closed at 52 weeks’ high in the junior market.
In trading, AMG Packaging ended 5 cents lower at $6 with 31,600 shares trading, Caribbean Cream dropped 59 cents while trading 1,024,584 units to end at $3.42, Caribbean Flavours traded 5,599 units at a new 52 weeks’ high of $7.20 by adding 10 cents, Caribbean Producers traded 719,587 units to end at $5.60. Consolidated Bakeries ended with 127,708 shares changing hands to settle at $1.30 for a 7 cents rise, General Accident had 84,168 units trading and closed with a rise of 4 cents at $2, Honey Bun traded at a 52 weeks’ high of $5.85 with 5,348 shares to close with a gain of 4 cents.JM Trde Sht 8-12-15 Knutsford Express ended 60 cents higher, at a 52 weeks’ high of $10.50 with 400 shares changing hands, KLE Group ended with 25,000 units trading with a rise of 2 cents at 75 cents, Lasco Distributors gained 18 cents and closed with 78,051 shares changing hands, at $4.30, Lasco Financial ended at $3, with 345,682 shares changing hands. Lasco Manufacturing added 22 cents and closed at $3.62, with 70,117 shares trading, Medical Disposables price rose 1 cent to close at $3.53 with 8,500 shares trading and Paramount Trading ended with 700 shares changing hands at $8.96.

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

Juniors Index slips on Tuesday

December 1, 2015 by

Knutsford Express ended at a new all-time high of $10

Knutsford Express ended at a new all-time high of $10

More junior market stocks declined on Tuesday and those that rose with 14 active securities. Trading ended with 4 stocks advancing and 6 declining with 819,214 units, valued at $5,604,327 changing hands. Trading ended with a fall of 18.79 points rise in the index to 1,619.67. The market ended with 2 new 52 weeks’ closing highs.
The signs are pointing to prices heading mostly higher, with a tight supply of stocks being dominant in this market. At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging ended with 23,528 units changing hands at $6, C2W Music traded 2,500 units at 38 cents, Caribbean Cream ended with 1,000 shares changing hands at $4.40, Caribbean Flavours gained 3 cents while trading 15,000 units to end at a 52 weeks’ high at $6.78, Caribbean Producers lost 30 cents, in trading 53,102 units to end at $5.60. Consolidated Bakeries ended with a loss of 7 cents while trading 10,000 shares to settle at $1.23, Dolphin Cove had 584 units trading with a loss of 20 cents, to settle at $15.80, JM - Trade Sheet-12-15General Accident ended with 10,000 shares changing hands and closed at $1.99. Jamaican Teas had 3,671 shares trading to close of 5 cents with a gat $5.05, KLE Group ended with 73,026 units with a decline of 2 cents at 73 cents, Knutsford Express traded 13,000 units and gained $1 to end at a 52 weeks’ high of $10. Lasco Distributors closed with 125,457 shares changing hands, to end with a gain of 4 cents at $4.09, Lasco Financial ended at $2.92, with 38,200 shares changing hands after losing 3 cents and Lasco Manufacturing fell 38 cents to $3.30 with 450,146 shares trading.

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