At the end of trading on Wednesday the Junior Market index had its third consecutive day of rising prices, to end at a new record of 868.99, at 8.03 points ahead of Tuesday’s record close. With 10 securities trading, the market ended with 707,451 units changing hands valued at $2,938,261. The JSE Junior Market close with the price of 5 stocks advancing and 1 declining including 1 closing at a 52 weeks’ high.
At the close, there were 3 stocks with bids higher than their last selling prices and only 1 with a lower offer, this is an early sign that investors may be cooling their aggressive stance in picking up stocks. The junior market ended with 3 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers having 10,000 shares trading to close at $22.08, Caribbean Cream closed with 1,495,613 shares trading at $1.05, Caribbean Producers with 147,200 shares trading at $2.88, General Accident Insurance concluded trading with 86,000 shares changing hands to close 10 cents higher at a new
52 weeks’ high of $2.15. Honey Bun ended with 10,800 shares changing hands to close higher by 20 cents at $2.90, Jamaican Teas ended trading with 5,000 shares after adding 15 cents to end at $2.90, Lasco Distributors finished trading with 11,219 shares to closed at $1.70, Lasco Financial Services finished trading with 89,336 units, the price rose 8 cents to $1.45. There was dealing in 212,781 Lasco Manufacturing’s shares, the stock traded lower by 5 cents to $1.35 and Medical Disposables contributed 31,415 shares with the price remaining unchanged at $1.80.
Junior market at new record high
The junior market that has been lagging the performance of the main market, recorded
a new high on Monday and in the first half an hour of trading, surged to yet another new high at 863.50 with a gain of 19.20 points. Eleven junior market stocks have traded so far, with new 52 weeks highs being reached by 4 of them with Access Financial trading 37,672 units at $15.10, Caribbean Producers with 181,547 at $3 and Lasco Manufacturing 63,000 units at $1.34.
The main market is up as well, with new 52 weeks high being reached by JMMB Group while trading at $9.50, but with 12,680 shares, Scotia Group is back at $27. Carib Cement traded 391,598 units at $5.
A total of 27 companies have traded so far in the overall market with an hour just ended. The main market indices are up with the All Jamaica Composite index now at 109,218.56 with an increase of 137.28 and the JSE market index at 98,833.35 an increase so far of 122.79 points. The combined index jumped 313.39 to 101,022.09.
Junior market within 5 pnts of record
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 1 with a lower. The junior market ended with 4 securities closing with no bids to buy and 8 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial
traded 7,428 units and added 1 cent to end at $15.10, a new 52 weeks’ high, Cargo Handlers closed at a new 52 weeks high of $21.50 by gaining 50 cents with 20,000 shares trading. Caribbean Cream had 8,000 units changing hands to end 4 cents higher at a new 52 weeks’ high of 85 cents. Caribbean Producers had 2,416,990 shares trading between $2.88 and $3.05, to close 9 cents lower at $2.90. Consolidated Bakeries traded 45,000 shares at 94 cents to gain 12 cents, Dolphin Cove traded 1,000 at a new 52 weeks’ high of $10, Lasco Financial Services had 28,800 units trading and closed at $1.30 and Lasco Manufacturing traded 288,414 shares between $1.35 and $1.50 and closed at $1.35, the stock traded during the day at 52 weeks high.
Juniors gain with 5 stocks rising
An indicator of the state of the market at the close, can be seen by the number of stocks with bids versus offers, as well as the numbers that close with bids being higher or lower than the last sale price. AT the close there were 4 stocks with bids higher than their last selling prices and only 1 with a lower. The junior market ended with 5 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Blue Power trading 6,000 units and gained $1.30 to end at $8.81.
Caribbean Cream had 11,000 units changing hands and ending 16 cents higher at 81 cents, Caribbean Producers had 80,935 shares trading at $2.99 with a loss of 11 cents. Cargo Handlers closing at an all-time high of $21, while trading 10,000 units, to gain 89 cents. Honey Bun gained 2 cents, in trading 1,500 shares to end at $1.90, up 8 cents, Jamaican Teas had 12,422 units changing hands at $2.55, Knutsford Express closed with 7,016 units changing hands at $6, Lasco Distributors had 523,076 shares trading to close at $1.45 with no stock on offer at the close. Lasco Financial Services had 3,500 units changing hands traded at the close at $1.30, Lasco Manufacturing traded 821,444 shares and closed at $1.35 and Medical Disposables ended with 300,000 trading at $1.70.
Junior market trading picks up
Activity on the Junior Market picked up on Thursday with a number on new highs recorded as investors increased their exposure to the segment of the market that has been late to the rally.
The market closed with 10 securities traded and ending with 2,839,792 units changing hands valued at $6,035,405. The JSE Junior Market Index rose 28.36 points to close at 785.93, with the price of 6 stocks advancing and 1 declining. At the close of the market, two stocks closed at new 52 weeks’ high and two hit 52 weeks’ high during trading but retreated. At the end of trading there were 4 stocks with bids higher than their last selling prices and 1 with the offer lower. The junior market ended with 3 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial traded 2,000 units and lost $1.89 to end at all-time high of $15.09. AMG Packaging price moved up in trading to $3 with 9,000 and closed with a gain of 74 cents, the stock was halted during trading for an hour and then was reopened at minutes before the close at which time it officially traded. Caribbean Producers traded 1,089,045 units between $2.75 and $3, where it closed with a gain of 25 cents.
Dolphin Cove gained 30 cents with 1,000 shares trading, to close at a new 52 weeks’ high, of $9.50. General Accident Insurance had 1,152,419 shares trading, at a new 52 weeks’ high of $2, the stock traded as low as $1.75 but closed 10 cents higher than Wednesday’s closing price, at $1.80, Lasco Distributors had 177,909 shares trading to close with a loss of 3 cents at $1.40, but traded between $1.37 and $1.43. Lasco Financial Services closed with a gain of 7 cents as 175,000 shares traded, to end at $1.20. Lasco Manufacturing trading of 212,000 as high as $1.30, a new 52 weeks’ high but ended with a closing price of $1.20, Medical Disposables traded only 2,000 shares at $1.70 after losing 10 cents and Paramount Trading had 19,419 units trading at $3.60.
All Jamaica Index up 2,000 points
National Commercial Bank traded at a new 52 weeks’ high in the morning
session on Thursday with 3.025 million units trading.
The move helped the all Jamaica composite index to jump by 2,086.18 to reach 102,856.63. The junior market index is also on the move climbing 20.05 points to 777.62.
Jamaica Producers slipped 25 cents to $17.25 with 60,000 shares, Kingston Wharves fell 56 cents to $5.95, Pan Jam also fell as the price declined 43 to 57 as only 100 units traded, Mayberry Investments traded 511,000 units at 52 weeks’ high of $2.60, Sagicor Group traded 281,420 units $11. Caribbean Producers that traded at $3 now has 148,763 units on offer at $2.75. Supreme Ventures traded at a new 52 weeks’ high of $3.75.
Juniors down but pregnant to go
At the close of the market, there were 8 stocks with bids higher than their last selling prices and just 1 with a lower offer. The junior market ended with 4 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Bids are building for some of the junior market stocks, included in this list are Caribbean Cream with 194,000 units at 75 cents and below 6,535,715 units between 70 and 71 cents, Blue Power with 100,000 units at $8.50, Dolphin Cove 96,171 shares at $9.20, General Accident 76,207 units at $1.73.
and Lasco Manufacturing 187,544 shares at $1.10Stocks trading in the junior market are, Caribbean Producers had 70,000 shares trading at $2.75, with a gain of 5 cents. Dolphin Cove closed at $9.20, with 2,693 shares changing hands, Knutsford express traded 11,534 shares and closed unchanged at $6, Lasco Distributors had 75,720 shares trading at $1.30 for a loss of 7 cents and Lasco Financial Services with 5,500 units traded at the close at $1.15 after gaining 5 cents.
NCB pushes index
National Commercial Bank traded 508,263 shares at a new 52 weeks’ high of $27 on the Jamaica Stock Exchange on Monday morning
and helped to push the all Jamaican Index by 388 points. The stock subsequently traded at $28, while Supreme Ventures traded 20,000 units at a new 52 weeks’ high of $3.10.
Trading resulted in 13 securities trading including 3 from the junior market. A total of 658,835 units traded at 10.45am. Carreras traded 3,878 units but slipped back $1 to $45. Stocks not trading as yet but look promising are Caribbean Producers with the bid at $2.70 to buy 18,348 shares, the stock last traded at $2.70 on Friday. AMG Packaging had a bid for 21,262 shares at $2.33 compared to last sale of $2.26, Caribbean Cream with a bid to buy 535,715 shares at 70 cents versus last sale of 65 cents, Dolphin Cove with 95,864 shares on the bid at $9.20 where it traded this morning, General Accident Insurance having a bid for 663,735 units at $1.70 the same as the last price.
Junior market trading picks up
Activity on the Junior Market closed with 9 securities trading and ending with units changing hands valued at $1,843,466. The JSE Junior Market Index declined 9.51 points to close at 732.52, with the price of 3 stocks advancing and 4 declining.
At the close of the market, there was only 1 stock with the bid higher than the last selling prices and 1 with a lower offer. The junior market ended with 4 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Producers had 100,000 shares trading at $2.32 with a gain of 1 cent, General Accident Insurance closed at $1.82 with 1,765 shares changing hands, Honey Bun gained 2 cents in trading 28,300 shares to end at $1.82. Consolidated Bakeries traded 37,388 shares at 82 cents, Lasco Distributors 525,321 shares traded between $1.43 and $1.46 to close at $1.43.
Access Financial traded 800 units and lost 1 cent to end at $13.20, Caribbean Cream had 79,230 units changing hands between 65 cents and 75 cents and ended 10 cents lower at 65 cents. Lasco Financial Services 631,000 units traded at the close at $1.08 after losing 7 cents but traded as high as $1.10. Lasco Manufacturing traded 26,717 shares between $1.07 and $1.10 and closed at $1.07 with a loss of 6 cents.




