CPJ dominates trade with 190m units
Only 2 securities ended with no bids to buy and 12 had no stocks being offered for sale, an indication of chronic supply shortage of junior market stocks. A total of 8 stocks closed with bids higher than the last traded prices and none closed with lower offers.
In trading, AMG Packaging closed with a gain of 5 cents at $5.05, with 836 units changing hands at a 52 weeks’ high, Blue Power lost 80 cents in closing at $13, with 1,557 units trading, Caribbean Cream ended with 26,743 shares changing hands at $4.60. Caribbean Flavours traded 5,000 units to end at a 52 weeks’ high of $4.91 after rising 6 cents, Caribbean Producers gained 36 cents and traded 190,020,966 units at $3.41 for a new 52 weeks’ high as investors responded to good first quarter results. 1.9 million was a cross done by Mayberry Investments. Consolidated Bakeries ended at $1.90, with 13,000 units changing hands. Dolphin Cove had 40,000 shares changing hands at $12.85, for a decline of 65 cents, General Accident Insurance traded only 20,000 units at $1.96 for a loss of 4 cents. Jamaican Teas lost 5 cents with 259,350 shares trading, to close at $3.85. KLE Group ended with 101,668 units trading at 45 cents, but the stock closed with a bid of 50 cents to buy 5,000 units. Lasco Distributors closed with 265,410 shares changing hands with a rise of 33 cents to $4.40, after trading as high as $4.65, for a 52 weeks’ intraday high, Lasco Financial closed with an increase of 5 cents at a new 52 weeks’ closing high of $3.25 with a total of 775,710 shares changing hands after trading as high as $3.50. Lasco Manufacturing rose 7 cents to end at 52 weeks’ closing high of $4.03 with 439,426 shares changing hands and Sweet River Abattoir rose by 9 cents in trading 14,500 shares at a 52 weeks’ closing high of $3.95, Derrimon Trading preference share ended with 400 shares changing hands at $2.20 and Eppley 9.5% preference share ended with 13,235 units changing hands at $6.
Junior market breaks 1,600
The Jamaica stock market is off to a relatively slow start on Wednesday morning with the All Jamaican Composite index gaining 451.31 points to 152,639.66 point, the JSE Market Index gained 403.83 points to 137,517.33 the JSE combined index climbed 447.50 points to be at 144,165.19 and the junior market index rose 7.42 points to its highest level of 1,604.59.
The number of securities trading climbed sharply to 33 securities changing hands with a volume of 195,221,088 units as 12 stocks gained and 7 declined after 90 minutes of trading.
Notable trades took place in Cable and Wireless, the stock traded 1,189,730 units up to $1.44 but last traded at $1.35, Mayberry Investments crossed 190 million Caribbean Producers shares at $3.06, Jamaica Broilers traded 2,879,886 units at $9.20, Jamaica Producers traded at $25, in response to good results for the September quarter.
Junior at new record close on Friday
The market ended with 2 stocks closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 7 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, AMG Packaging closed at $4.80 with 11,653 units changing hands, the company reported big increase in profits after trading closed, with earnings for the full year to August of 78 cents per share, up from 45 cents in 2014. Blue Power had 12,850 shares changing hands at $13, Caribbean Cream with 733,032 shares changing hands ended at $3.40, Caribbean Flavours gained 6 cents while trading 68,950 units at $4.06, Caribbean Producers traded 51,000 units for a loss of 9 cents to end at $3.01. Consolidated Bakeries traded 417,000 shares, to end at $2 with a gain of 10 cents, for a 52 weeks’ high. Derrimon Trading had 71,260 units trading at $2.80 at the close with a loss of 20 cents, Dolphin Cove recovered from the big loss on Wednesday, to end at $13, with a gain of $1.40 on Friday, as 130,300 units changed hands.
General Accident ended with 65,155 shares changing hands at $1.70 after falling 20 cents, Knutsford Express traded 778 shares at $6.50. Lasco Distributors with 924,890 shares changing hands and closed with a loss of 30 cents to $3.10. Lasco Financial closed with a 15 cents decline at $2.40 after trading earlier at $2.60. A total of 597,056 shares changed hands, Lasco Manufacturing traded 804,759 shares to end with an increase of 3 cents to $3.43, Medical Disposables ended with 331,133 units changing hands to end with a gain of 50 cents to a new all-time high of $3 and Derrimon Trading 11.75% preference share had just 3,000 units changing hands at $2.20.
Access sheds 22% in 2 days
A total of 3,241,986 units, valued at $12,588,381 changed hands as 3 stocks advanced and 8 declined. The market ended with 1 stock closing at a 52 weeks’ high while 3 securities ended with no bids to buy and 6 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, Access Financial closed with a loss of $2 to $10.50 with 170,271 units changing hands, AMG Packaging lost 1 cent to close at $4.99 with 200 units changing hands, Caribbean Cream fell 15 cents and closed at $3.20 with 19,195 shares changing hands. Caribbean Flavours closed at $4 with 145,904 shares changing hands, Caribbean Producers traded 557,978 units for a loss of 2 cents to end at $3.08, Consolidated Bakeries traded 17,444 shares to end at $1.65, Derrimon Trading ended with 1,400 shares changing hands at a 52 weeks’ high of $3. Dolphin Cove lost $1.20 with 295,515 units changing hands to end at $10, after trading, the company reported a 4 percent increase in profit after tax for the nine months to September, of $412 million over the outturn for the 2014 and a 17 percent increase in the September quarter, to $128 million. General Accident ended with 400,882 shares changing hands and fell 15 cents to $1.90, Lasco Distributors with 442,302 shares changing hands, closed 5 cents higher at $3.06 after hitting $3.40 during trading. Lasco Financial lost ground with results that were flat, but with promise of improvement later, fell 18 cents to $2.45, after trading earlier at $2.65, with 841,230 shares changing hands, Lasco Manufacturing traded 270,065 shares to end at $3.25 while gaining 14 cents and Medical Disposables ended with 80,000 units changing hands for 5 cents lower to end at $2.50.