Trading expands to 14 junior stocks
The market ended with 4 securities closing with no bids to buy, while 6 had no stocks being offered for sale and 2 stocks closed with bids higher than the last traded prices and only 2 with the offers being lower.
Stocks trading are, Access Financial Services traded 100 shares to close with a loss of 50 cents at $18.50, Blue Power closed with 978 units changing hands at $12.28, Caribbean Cream traded 246,315 units to close 2 cents lower at $1.80, Caribbean Flavours traded 67,516 units at $3, while gaining 18 cents. Caribbean Producers traded 40,012 units for 10 cents gain at $2.80, Derrimon Trading ended with 5,113 shares changing hands to end 10 cents higher at $2.50, for a new 52 weeks’ high. Dolphin Cove traded 3,433 shares and closed at $13 after trading earlier as low as $12.15. General Accident Insurance traded 80,419 units with the price falling 15 cents, to $1.45 as investors continue to react negatively to the company reported profits for the June of just $457,000, and $26.6 million for the first half of 2015, compared with $88 million and $187 million respectively. Honey Bun with 103,320 shares changing hands, closed at a new 52 weeks’ high of $4 after gaining 60 cents. Jamaican Teas had 1,070 shares trading to close with a loss of 43 cents, at $3.10, Lasco Distributors closed with 48,964 units trading, 14 cents lower at $1.81, Lasco Financial Services traded 45,689 units to close at $1.80, after slipping 3 cents. Lasco Manufacturing with 287,629 units changing hands, closed 5 cents higher at $1.85 and Eppley cumulative redeemable preference shares 2019 ended with 326,469 units changing hands at $6.05.
Junior market set to slip more
The market seems set to fall on Friday with several stocks closing with lower asking prices than the last selling prices. At the close of the market, there were 3 stocks with bids higher than their last selling prices and 7 with lower offers. The junior market ended with 3 securities closing with no bids to buy 6 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Cream finishing with 8,500 units to close with a gain of 1 cent at $1.20 but ended with the offer at $1.15, to sell 130,000 units. Caribbean Producers with 93891 shares trading, closed lower by 15 cents at $3, Consolidated Bakeries finished trading with 3,334 shares to closed unchanged at $2.04, General Accident Insurance concluded trading with 2,000 shares changing hands to close 7 cents lower at $2. Lasco Distributors traded 219,108 shares at $1.65, Lasco Financial Services finished trading with 181,412 units at $1.31. There was dealing in 57,726 Lasco Manufacturing’s shares as the stock traded lower by 7 cent to $1.30.
Junior market inches away from high
Trading picked up on the Junior Market with 10 securities trading, the most for some time, and ended with 1,459,016 units changing hands valued at $$1,840,696. The JSE Junior Market Index rose 12.24 points to close at 836.83, juts 4 points from the all-time high. The price of 5 stocks advanced, none declined with 1 closing at a 52 weeks’ high.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and only 3 with lower offers. 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, AMG Packaging ending with 15,100 shares changing hands at $3.30, Caribbean Cream trading 1,020,000 shares at 96 cents for a new 52 days closing high but traded as high as $1.05. Caribbean Producers with 11,000 shares trading, closed higher by 12 cents at $2.90. Consolidated Bakeries traded only 100 units at $1, Derrimon Trading finished with 2,335 shares to close unchanged at $2.04, Jamaican Teas ending trading 12,700 shares to gain 6 cents to $2.61, Lasco Distributors ended with 133,688 shares trading, 3 cents higher at $1.50, Lasco Financial Services finished trading with 19,575 units, the price was unchanged at $1.30. There was dealing in 216,282 Lasco Manufacturing’s shares as the stock traded higher by 1 cent to $1.35 and Eppley 2019 preference share exchanged 28,236 units at $6.
7 stocks rose on junior martket
At the close of the market, there were 6 stocks with bids higher than their last selling prices and only 2 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 5 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging ending with 137,533 shares changing hands to close higher by 25 cents at $3.25, Blue Power closed with 230 shares trading at $8.81, Cargo Handlers finished with 20,000 units to close with a gain of 25 cents to a new all-time high of $21.75, Caribbean Producers with 717,178 shares trading lower by 12 cents to $2.88, Derrimon Trading finished trading with 47,549 shares to closed unchanged at $2.04, General Accident Insurance concluded trading with 55,800 shares changing hands to close 2 cents higher at a 52 weeks’ high of $1.82. Lasco Distributors traded 5,000 shares trading, 1 cent higher, at $1.46, Lasco Financial Services finished trading with 322,888 units, the price slipped 7 cents to $1.23. There was dealing in 6,918 Lasco Manufacturing’s shares as the stock traded lower by 1 cent to $1.34, Medical Disposables contributed 30,000 shares with the price rising 20 cents, to $1.90, Paramount Trading ended trading with 10,000 shares to end with an increase of 39 cents at $3.99. Eppley 9.5% preference share closed trading with 17,150 units and put on just 1 cent to $6.01 and the company’s 2019 preference share exchanged 245,000 units at $6.
Juniors not partying yet
Activity on the junior market was moderate, on a day when the main market recorded another session of strong gains, as investors’ focus seems to be more on the stocks of bigger companies. Based on the strong profit performance of many of the junior market companies, it’s only a matter of time that more interest will be paid to junior market companies as investors seek out profitable trades.
At the close of trading only 6 securities traded and ending with 476,829 units changing hands valued at $1,177,602. The JSE Junior Market Index declined 1.78 points to close at 743.67, with the price of 3 stocks advancing and 4 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 1 with a lower offer. 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 traded 295 units to end at $7.51, Caribbean Producers had 356,822 shares trading at $2.70, Knutsford Express traded 600 shares at $6, Lasco Distributors traded 6,973 shares to close with a gain of 2 cents at $1.40. Lasco Financial Services 3,454 units traded at the close at $1.15 and Medical Disposables traded 108,685 and closed unchanged at $1.80.
Junior standoff holds back trading
At the close, there were 4 stocks with bids higher than their last selling prices and 1 with offer that was lower. 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, are Caribbean Producers with 117,000 units,
at $2.70 for a 38 cents gain Honey Bun ending with just 1,937 shares trading unchanged at $1.82. Knutsford Express traded at a new high of $6 by adding 20 cents with only 2,580 shares changing hands, Lasco Distributors traded 4,000 shares between $1.38 down 5 cents but closed with a bid at $1.40, to buy 50,000 shares, with offers at $1.43 for 110,736 unitsand Lasco Financial gained 7 cents to $1.15 while trading 17,046 shares.
CPJ trades 1.74m shares
Activity on the Junior Market ended with 9 securities traded, comprising 2,201,563 units changing hands, valued at $4,588,656, Caribbean Producers dominated trading with more than 1.74 million units to close at $2.31 in only two trades as the stock gained 1 cent. The JSE Junior Market Index declined 7.17 points to close at 740.74, with the price of 6 stocks advancing and 2 declining and 1 remained unchanged.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with the offer that was lower. The junior market ended with 5 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 Cream trading 25,055 shares at 65 cents as the price rose by 5 cents. Caribbean Flavours had 10,968 units changing hands, 5 cents higher at $1.85, Derrimon Trading put through 15,000 shares at $2.04, Honey Bun traded 10,000 shares but lost 11 cents in closing at $1.80. Lasco Financial Services had 15,000 units trading 5 cents higher, at $1.15, Lasco Manufacturing traded 352,851 units for 7 cents more at $1.13, Medical Disposables put through 27,000 shares in trading and ended up 4 cents better off at $1.80 and Paramount Trading had 4,905 units changing hands at $3.55 for a 55 cents fall.
Volume up for juniors Wednesday
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 4 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale. There has developed a widening gap between most bids and offers as investors have a standoff between where the stocks last traded and where those wanting to sell are prepared so to do. Improving profit out turn has made the situation worse.
Stocks trading in the junior market are, Knutsford Express fresh from reporting a 92 percent increase in pretax profits for the February quarter and 45 percent for the nine months, to $48.5 million, the stock gained 40 cents in closing at $5.60, having traded 87,603 shares. Caribbean Producers trading 993,178 as high as $2.35, closed at $2.30 for a 10 cents decline, General Accident Insurance had 224,010 units changing hands at $1.71 for 1 cent gain, Lasco Distributors gained 3 cents in trading 14,800 and closed at $1.43 and Lasco Manufacturing had only 12,230 shares trading to end at $1.06.