Another record close for juniors – Wednesday

Caribbean Cream ended at a new closing high on Wednesday of $10 & is up 900% since listing in 2013..

Caribbean Cream ended at a new closing high on Wednesday of $10 & is up 900% since listing in 2013..

Trading on the junior market of the Jamaica Stock Exchange resulted in more than a 2 to 1 advance decline ratio. The market index hit a new high of 2,432.43, by climbing 2.23 percent to record an increase of 53.11 points. At the close, 10 stocks rose and 4 declined with 17 securities trading.
Trading volume rose strongly from Tuesday’s levels, ending with 1,995,508 units changing hands, 402 percent higher than on Tuesday, while value traded jumped 659 percent to $10,428,547 from $1,373,477, on Tuesday.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
In market activity Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed today with the bid at $87 to buy 393 units, a total of ICI Jm sum 5-10-16 45,551 units were offered for sale at $90, the will be split 10 for 1 stock, effective from the close of business on October 21.
In trading activity, AMG Packaging closed with a fall of 45 cents at $17.55 with 615 units changing hands, Caribbean Cream gained 70 cents with 541,070 shares changing hands to end at a 52 weeks’ closing high of $10, Caribbean Producers gained 20 cents in trading 435,000 units to end at $3.50. Dolphin Cove gained 50 cents to end at $13 after trading 100 shares, General Accident Insurance rose 1 cent with 139,954 units changing hands at $2.65, Honey Bun traded 7,386 shares at $6.10, Iron Rock Insurance traded 313,700 shares and gained 5 cents to end at $3.35, Jamaican Teas lost 4 cents in trading 2,000 shares to close at $4.ICI Jm trd sht 5-10-16 Jetcon Corporation traded 108,111 shares and gained 8 cents to close at $4.59, Key Insurance closed down to end at a 52 weeks’ low of $2.25 with 27,266 units, for a loss of 5 cents, KLE Group ended at $2.05 with 3,760 shares changing. Lasco Distributors closed with rise of 45 cents as 41,072 units traded at $7.50, Lasco Financial ended with 72,300 shares changing hands at $3.35, after rising 5 cents, Lasco Manufacturing closed at $5.10 with 60,135 shares trading to gain 5 cents. Medical Disposables traded 22,991 shares and gained 6 cents to close at $4.42, tTech climbed 28 cents and ended with 8,548 shares changing hands at $5.58 and Derrimon Trading preference share fell 10 cents and ended with 211,500 units changing hands at $2.10.

Juniors’ advancers beat decliners – Tuesday

The junior market within touch of record territory

The junior market within touch of record territory

Trading on the Junior market resumed after closing on Monday due to the expected passage of hurricane Mathew and ended slightly down at the close of trading. The index measuring the emerging companies ended at a new high of 2,379.32 for a fall of 10.58 points. At the close 6 stocks rose and 4 declined with 14 securities trading.
Trading volume rose strongly from Friday’s levels, ending with 397,764 units changing hands, 88 percent lower than on Friday, while the value traded dropped 89 percent to $1,373,477 from $12,272,247, on Friday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
ICI Jm sum 4-10-16In market activity Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed today with the bid at $88 to buy 3,000 units, with no units offered for sale, the will be split 10 for 1 stock, effective from the close of business on October 21.
In trading activity, AMG Packaging closed with a gain of 50 cents at $18 with 920 units changing hands, Caribbean Cream gained 1 cent with just 500 shares changing hands to close at $9.30, Caribbean Producers traded 200,000 units to end at $3.30, Consolidated Bakeries dropped 5 cents to end at $2.40 after trading 50,000 shares. C2W Music closed with 21,500 units changing hands to close at 24 cents, Derrimon Trading rose 10 cents and closed with 5,000 shares at $3.60, General Accident Insurance rose by 24 cents with 3,620 units changing hands at $2.64,ICI Jm trd sht 4-10-16 Honey Bun traded 3,800 shares at $6.10 after falling 9 cents. Jamaican Teas rose 14 cents in trading 4,400 shares to close at $4.04, Key Insurance that was under selling pressure for weeks finally traded down to end at a 52 weeks’ low of $2.29 with 2,500 units for a loss of 10 cents, but the stock was on offer at $2.25. There were no bids to buy the stock at the close. KLE Group ended at $2.05 with 9,500 shares changing hands after falling by 5 cents, Lasco Distributors closed with a loss of 5 cents as only 499 units traded at $7.05, Lasco Financial ended with 9,703 shares changing hands at $3.35, after rising 5 cents and Lasco Manufacturing closed at $5.05 with 85,822 shares trading.

Stocks up in early trading

Uncertainty regarding working activity in Jamaica seems to be affecting trading on the Jamaica Stock Exchange on Tuesday after the market reopened with from the ICI JSE int trd 4-1016closure on Monday due to the threat of hurricane. With more than an hour’s trading only 14 securities changed hands.
Up to 10:45 am, just 5 stocks traded in the junior market with Caribbean Producers trading 87,573 units at $3.30 and Lasco Manufacturing with 80,027 units at $5.05. In the main market Barita Investments had 30,000 units changing hands at $4.20 and JMMB Group traded 26,184 shares at $13.95, up 95 cents from Friday’s close.
Just 14 securities traded, resulting in a volume of 251,399 shares changing hands carrying a value of $1.3 million, compared to 1,383,211 shares changing hands carrying a value of $7,292,776. The average number of shares traded amounts to 17,957 units compared to 53,200 on Friday. Market activity resulted in 1 stock falling while the prices of 6 securities rose.
The all Jamaica Composite Index jumped 759.52 points to 183,542.49 and if it closes close to this level would represent a new all-time closing high, the Jamaica Stock Exchange Market Index climbed 679.15 points to 165,161.40, the Jamaica Stock Exchange combined index surged 669.73 points to close at 177,760.17 and the junior market index fell 3.88 points to 2,393.78.
Subsequent to 11Am the all Jamaica Composite Index jumped to 184,046.87 points.

Another junior record close – Wednesday

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Medical Disposables closed at a new high on Wednesday.

Medical Disposables closed at a new high on Wednesday.

Trading on the Junior market was greater than the levels on Tuesday as the closed at yet another 52 weeks’ high. The advanced decline ratio was negative less on a day that had one less security trading than the previous day.
The market closed with 3 stocks rising, while 5 declined out of 13 securities that traded. The junior index gained 4.42 points, to close at a record 2,366.31 and is up 31.9 percent ahead of the close of 2015.
Trading volume and value rose from Tuesday’s levels, ending with 759,344 units changing hands, 54 percent more than on Tuesday, while the value traded climbed by 71 percent to $3,870,697, from $2,264,166 on Tuesday.
ICI Jm sum 28-09-16Market activities ended with 5 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed with the bid at $90 to buy 3,000 units, with no units offered for sale, next in line to buy is 6,540 shares at $89, there were stocks offered for sale at the close. Key Insurance remains under pressure with the offer at $2.30 to sell 30,000 units compared with the last sale of $2.49. There were no bids to buy the stock at the close.
AMG Packaging lost 1 cent in ending trading at $17.51 with 591 units changing hands, Blue Power closed at $25 with 8,500 units changing hands, Caribbean Cream gained 50 cents with 32,400 shares changing hands to close at $9.50, Consolidated Bakeries slipped 5 cents in trading 37,949 shares to close at $2.45. General Accident fell 10 cents and ended at $2.20 with 52,600 shares changing hands,ICI jm trade 28-09-16 Honey Bun with 16,248 shares changing hands and closed at $6, Jetcon Corporation had just 30,993 units changing hands, to end at $4.70, Lasco Distributors closed with a loss of 5 cents as 130,170 units traded at $7. Lasco Financial ended with 124,025 shares changing hands at $3.05, after declining by 17 cents, Lasco Manufacturing rose 2 cents and closed at $5 with 252,795 shares trading. Medical Disposables traded 44,073 shares to end at a new record high of $4.36 trading as high as $4.60 but gained just 1 cent at the close, Sweet River Abattoir with 24,000 units traded with a rise of 1 cent to end at $3.85 and tTech ended with 5,000 shares changing hands at $6.50.

Record close for juniors – Tuesday

Blue Power closed at a new high of $25 on Tuesday.

Blue Power closed at a new high of $25 on Tuesday.

The Junior market recorded 2 stocks closing at 52 weeks’ high as the market index climbed into new territory with a record close, bettering the previous record level reached in February this year.
The market closed with 7 stocks rising, while 5 declined out of 14 securities that traded. The junior index gained 20.94 points, to close at a record 2,361.89 and is up 31.9 percent ahead of the close of 2015.
Trading volume and value dropped sharply from Monday’s levels, ending with 494,666 units valued at units changing hands, 74 percent lower than on Monday, while the value traded dropped by 79 percent to $2,264,166, from $10,709,100 on Monday.
ICI Jm sum 27-09-16Market activities ended with 5 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed with the bid at $91 to buy 3,000 units, with no units offered for sale, next in line to buy is 6,540 shares at $89, there were stocks offered for sale at the close. Key Insurance remains under pressure with the offer at $2.30 to sell 30,000 units and at $2.35 compared with the last sale of $2.49. There were no bids to buy the stock at the close.
AMG Packaging rose 1 cent and ended trading at $17.51 with 10,025 units changing hands, Blue Power climbed to new 52 weeks’ high of $25 with a rise of $4 as only 100 units changing hands, Caribbean Cream fell 10 cents with 20,100 shares changing hands to close at $9. ICI jm trade 27-09-16Caribbean Producers traded 135,746 units to end at $3.30 with the loss of 10 cents, C2W Music closed with a gain of 1 cent as 7,539 units changed hands to close at 24 cents, Consolidated Bakeries gained 25 cents in trading 135,825 shares to close at $2.50. Derrimon Trading ended at $4 with 12,360 shares changing hands, Jetcon Corporation had just 100 units changing hands, to end at $4.70, Lasco Distributors closed with 125,554 units trading and ended at $7.05. Lasco Financial ended with 16,097 shares changing hands at $3.22, after declining by 3 cents, Lasco Manufacturing fell 2 cents and closed at $4.98 with 2,278 shares trading and Medical Disposables traded 21,442 shares to end at a new record high of $4.35 after gaining 35 cents.

RJR & General Accident in Top 5

JM indxPrices on the Jamaica Stock Exchange are on the move again as the last quarter of the year approaches. As prices rise so does the PE ratio. The top PE in the main market is at 17 while in the junior market is around 18.
Charts of both markets show them in a bullish state, with the markets hitting higher lows and higher highs, a strong indication that they will be moving higher. More than 50 percent of main and junior market stocks are priced below the markets average PE of 9.5 and 10.4 respectively.
Against this background, IC Insider’s Top 5 selection has one new listing in the main and junior market list as Grace Kennedy and Jetcon Corporation are replace by Radio Jamaica and General Accident in position 5 and 4 respectively. Jetcon hit new highs during the week and closed at $4.70 up from $4.35 at the start of the week. Radio Jamaica earnings have been upgraded to 25 cents per share with increased revenues and cost cutting. General Accident is not without risk but earnings for 2016 are up 155 percent against a battered first half of 2015 and 2016 should better the 31 cents earned for the 2015 financial year.
AMG Packaging remains at the top of the junior market list even as the price moved up while JMMB Group is atop the main market with Caribbean Cement drops to 4th with a rise of $4 during the week. Investors attempted to trade Carib Cement at $34 but market breaker stop it from standing the stock which closed at $30 traded as high as $32. There are just six offers in the market starting at $34 and worth keeping an eye on this one for more gains this week. Barita Investments traded up to $4 during the past week and could well end back at this level during the days ahead as supply declines and demand increases.
Top 5 stks 24-9-16Watch these stocks for action this week – Access Financial Services with the bid at $18.50 with no stock on offer, Blue Power with a wide gap between bid and offer, Cargo Handlers with the bid moving away from the last sale price of $86.10 with the offer at $100. Caribbean Cream with increasing demand, Caribbean Producers gaining support after poor full year results, Derrimon Trading and General Accident with bids getting stronger, Jetcon Corporation with supply and increasing interest, Medical Disposables and tTech with supplies.
From the main market the main action could come from the following, Barita Investments, Caribbean Cement, Jamaica Stock Exchange, JMMB Group, Radio Jamaica, Sagicor Group, Scotia Group, Seprod and Sterling Investments.

Rising junior stocks inch decliners – Wednesday

Jetcon ended trading at a new closing high of $4.95 on Wednesday.

Jetcon ended trading at a new closing high of $4.95 on Wednesday.

The Junior market never exhibited the bullishness seen in the main market and closed on Wednesday, with the market falling slightly with 6 stocks rising, while 5 declined out of 18 securities that traded. Trading volume and value dropped over 30 percent from Tuesday’s levels.
The market index eased with 17.09 points, to close at 2,300.92. Market activities ended with 7 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
Trading ended with 635,440 units changing hands, 30 percent less than on Tuesday, while the value traded dropped by 31 percent, with $2,690,732, compared to $3,876,442 changing hands on Tuesday.
At the close, Cargo Handlers have not traded for a few days but today the stock closed with the bid at $90.01 with 5,765 units, nearly $4 ahead of the last sale price with no units offered for sale. Key Insurance that ICI Jm sum 21-09-16reported poor second quarter results has not traded with the offer at $2.37 to sell 152,290 units compared with the last sale of $2.49, there continues to be no bids on the stock at the close.
Access Financial end trading with 1,889 units to end at $18.40, after falling 10 cents, Caribbean Cream gained 10 cents with 6,914 shares changing hands at $9.20, Caribbean Flavours lost just 1 cent in closing at $8 with 9,500 shares changing hands, Caribbean Producers traded just 46,370 shares to close at $3.40. Consolidated Bakeries lost 7 cents to end at $2.35 with 3,000 units changing hands. Dolphin Cove lost $1.30 and ended at $13.70 with 100 shares trading, General Accident gained 20 cents and closed trading with 91,267 units at $2.25, Honey Bun gained 39 cents in trading 54,391 units to end at $6.24, Iron Rock Insurance traded 1,250 shares to close at $3.30 with a gain of 2 cents. ICI jm trade 21-09-16Jamaican Teas had 116,983 units changing hands at $4. Jetcon Corporation rose 45 cents in trading at new record high of $4.95, with 51,980 units changing hands, KLE Group ended at $1.80 with 45,000 shares changing hands after rising by 30 cents, Knutsford Express had 2,191 units changing hands to end at $24. Lasco Distributors closed with 44,000 units trading and ended with a loss of 24 cents at $6.80, Lasco Financial had 16,585 shares changing hands to close at $3.25, Lasco Manufacturing closed at $4.80 with 60,576 shares trading, Medical Disposables traded 78,577 shares with the price remaining unchanged at $4 and tTech traded 4,867 shares at $6.

Mild losses for juniors – Tuesday

Jetcon ended at a new closing high of $4.50 on Tuesday, with gains of 100% since listing in March.

Jetcon ended at a new closing high of $4.50 on Tuesday, with gains of 100% since listing in March.

The Junior market closed on Tuesday, with the market fell slightly with 5 stocks rising, while 6 declined out of 15 securities that traded. Trading volume and value changed moderately from Monday’s levels. The market index fell 8.18 points, to close at 2,318.01. Market activities ended with 7 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
Trading ended with 907,063 units changing hands, 9 percent more than on Monday, while the value traded dropped just 5 percent, with $3,876,442, compared to $4,086,204 changing hands on Monday.
At the close, Cargo Handlers have not traded for a few days but today the stock closed with the bid at $89.01 with 100 units, nearly $3 ahead of the last sale price with 1,000 units offered for sale at $1,000.ICI Jm sum 20-09-16 As was the case on Monday, Key Insurance did not trade but seems set to trade at a new low when next it does with the offer at $2.37 to sell 152,290 units compared with the last sale of $2.49, there were no bids on the stock at the close.
Caribbean Cream gained 10 cents with 20,000 shares changing hands at of $9.10, Caribbean Flavours gained just 1 cent in closing at $8.01 with 4,749 shares changing hands, Caribbean Producers traded just 20,130 shares and lost 20 cents to close at $3.40. Consolidated Bakeries lost 1 cent to end at $2.42 with 26,559 units changing hands. General Accident closed trading with 348,954 units at $2.05, with a 15 cents loss, Honey Bun traded 800 units to end at $5.85, Jamaican Teas had 1,100 units changing hands at $4. Jetcon Corporation rose 35 cents in trading at new record high of $4.80, with 34,983 units changing hands but ended at new closing high of $4.50, to gain 100 percent, since listing in late March. ICI jm trade 20-09-16Knutsford Express lost 50 cents with 1,559 units changing hands to end at $24, Lasco Distributors closed with 76,469 units trading and ended with a gain of 14 cents at $7.04. Lasco Financial gained 15 cents with 1,165 shares changing hands to close at $3.25. Lasco Manufacturing lost 10 cents to close at $4.80 with 146,842 shares trading, tTech traded 46,953 shares and closed at $6, Derrimon Trading preference share gained 5 cents and ended with 500 units changing hands to close at $2.20 and Eppley 9.5% preference share, fell 20 cents in trading 176,300 shares, to end at $6.30.

Juniors make big gains – Monday

Eppley 9.5% preference share closed at a new high of $6.50 in Monday.

Eppley 9.5% preference share closed at a new high of $6.50 in Monday.

The Junior market closed on Monday, with the market index rose strongly by 1.28 percent but with 4 stocks that gained, while 5 declined out of 12 securities that traded. Trading volume and value fell sharply from Friday’s levels.
At the close the stock had a bid of $4.35 to buy 15,000 units, 10,200 units was the lowest offer at $4.80.
The market index gained 29.34 points, to close at 2,326.19. Market activities ended with 8 securities closing with bids higher than their last selling prices and 3 ending with lower offers.
ICI Jm sum 19-09-16Trading ended with 835,628 units changing hands, 83 percent less than on Friday, while the value traded dropped 87 percent, with $4,086,204, compared to $32,514,713 changing hands on Friday.
At the close, Caribbean Cream closed trading with 133,630 shares changing hands at of $9, earlier in the trading session the stock traded at $9.50. Caribbean Producers traded just 13,000 shares and rose 15 cents to close at $3.60. Consolidated Bakeries closed with a loss of 1 cent at $2.43 with 105,051 units changing hands. General Accident closed trading with 81,654 units, to close at $2.20, with a 9 cents loss, Honey Bun gained 32 cents in trading 4,300 units to end at $5.85, ICI jm trade 19-09-16 Jetcon Corporation fell 15 cents and ended at $4.15 with 65,867 units changing hands, after trading at new record high of $4.40. As was the case on Friday, Key Insurance has not traded but seems set to trade at a new low with the offer still at $2.38 compared with the last sale of $2.49, there were no bids on the stock at the close. Lasco Distributors closed with 76,600 units trading and ended with a loss of 15 cents at $6.90. Lasco Financial fell 20 cents with 14,000 shares changing hands to close at $3.10. Lasco Manufacturing closed at $4.90 with 177,726 shares trading, Medical Disposables traded 129,000 shares and closed at $4 and Eppley 9.5% preference share, gained 39 cents in trading 7,100 shares, to end at a 52 weeks’ closing high of $6.50, after trading as high as $7.

5 juniors rise 2 down – Friday

 Jetcon Corporation traded at a new high of $4.30 on Friday to gain 91% since listing.

Jetcon Corporation traded at a new high of $4.30 on Friday to gain 91% since listing.

The Junior market closed on Friday, with the market index rising moderately as 5 stocks gained, while 2 declined out of 15 securities that traded. Traded volume and value jumped sharply above Thursday’s low levels.
Jetcon Corporation was the only stock trading at a new high, the price rose 30 cents in closing at new record high of $4.30 with 84,170 units changing hands. At the close the stock had a bid of $4.35 to buy 15,000 units, 10,200 units was the lowest offer at $4.80. Key Insurance did not trade, but seems set to trade at a new low with the offer at $2.38 compared with the last sale of $2.49, there were no bids on the stock at the close.
ICI Jm sum 16-09-16The market index gained 18.92 points, to close at 2,296.85. Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Trading ended with 4,977,327 units changing hands, 253 percent more than on Thursday, while the value traded jumped 465 percent, with $32,514,713, compared to $5,750,259 changing hands on Thursday.
At the close, AMG Packaging traded 10,243, shares with the price dropping 22 cents to close at $15, Caribbean Cream gained 30 cents and closed with 81,236 shares changing hands at of $9, earlier in the trading session the stock traded at $9.50. Caribbean Flavours traded 7,000 shares to close at $8, Caribbean Producers traded just 2,000 shares and rose 15 cents to close at $3.45. Consolidated Bakeries closed with a gain of 4 cents t0 $2.44 with 2,549 units changing hands.ICI jm trade 16-09-16 General Accident closed trading with 10,000 units, to close at $2.29, Knutsford Express Services dropped 50 cents to end with 2,746 units trading at $24.50, Lasco Distributors closed with 3,769,952 units trading and ended with a gain of 8 cents at $7.05. Lasco Financial with 10,000 shares changing hands closed at $3.30. Lasco Manufacturing rose 45 cents and closed at $4.90 with 801,743 shares trading, Medical Disposables traded 53,000 shares and closed at $4, Sweet River had just 1,150 shares changing hands at $3.85 and Eppley redeemable 2019 preference share, traded 80,000 shares, unchanged at $6.10.