Junior market drops sharply – Wednesday

JM Sign The junior market dropped sharply on Wednesday, by 59.20 points close at 2,426.18 to be up 35 percent for the year to date with reduced volume from Tuesday’s levels.
At the close the prices of 2 stocks rose and 5 declined with 13 securities trading, compared to 14 on Tuesday. The volume of stocks traded dipped on Wednesday by 27 percent, from Tuesday’s level, ending with 262,692 units changing hands, valued at $1,233,984, down 30 percent from $1,755,268 on Tuesday.
Market activities ended with 11 securities closing with bids higher than their last selling prices and just 5 ending with lower offers.
ICI Jm sum 14-12-16An average of 20,207 units with an average value of $94,922 traded, compared to 25,837 units with an average value of $125,376 on the preceding trading day. The average for December to date is 104,241 units, at an average of $478,446. The average for December to Tuesday is 113,578 units, at an average of $521,060. November ended with an average of 109,679 units with an average value of $607,092.
In trading activity, Cargo Handlers traded 17,225 shares and fell 24 cents to close at $13.01, Caribbean Cream jumped 45 cents to $7.95 with 3,000 shares being exchanged, Caribbean Producers shed 5 cents with 20,000 shares changing hands at $3.20, Derrimon Trading exchanged 1,000 shares and closed at $3.70 after dropping $1.18. Dolphin Cove fell 20 cents with 1,784 units changing hands to close at $15,ICI Jm trd Sht 14-12-16 Honey Bun had 48,040 shares changing hands to close at $5.60. Jetcon Corporation closed trading with 200 units to end at $5.89, Key Insurance traded 13,157 units to close with a rise of 50 cents at $3, Lasco Distributors had 4,200 shares trading with a loss of 30 cents to close at $6.50. Lasco Financial ended with 31,270 shares changing hands at $3.25, Lasco Manufacturing ended at $4.70 with 30,929 shares changing hands, Paramount Trading lost 18 cents with 87,937 units changing hands to close at $3.20 and Eppley 9.5% preference share traded 3,950 units at $6.18.

6 juniors stocks fall 3 rise – Thursday

Access at new high on Thursday

Access at new high on Thursday

The junior market enjoyed low trading volume and lost ground moderately at the close of trading on Thursday. The market index slipped 5.29 points to end at 2,441.67 with increased volume over Wednesday’s levels.
With today’s movement of the index, the junior market is up 36 percent for the year to date.
At the close the prices of 3 stocks rose and 6 declined with 11 securities trading, compared to 15 on Wednesday. The volume of stocks traded climbed on Thursday by 44 percent, from Wednesday’s level, ending with 587,579 units changing hands, valued at $2,311,947, up 26 percent from $1,834,253 on Wednesday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and just 4 ending with lower offers.
An average of 53,416 units with an average value of $210,177 traded, compared to 27,190 units with an average value of $122,284 on the preceding day. The average for December to date is 129,359 units at an average of $585,015. ICI Jm sum 8-12-16The average for December to Wednesday is 144,548 units at an average of $659,983. November ended with an average of 109,679 units with an average value of $607,092.
The stock split into 150 stock units for Eppley ordinary stock is yet to attract any offers even after the bid had risen to $6.95, compared to the adjusted last traded price of $4.90.
In trading activity, Access Financial Services gained $1 in trading 121 units, to close at an all-time high of $22, AMG Packaging lost $2.95 with only 100 units trading at $18, Caribbean Cream fell 30 cents with 25,000 shares changing hands at $7.50, ICI Jm trd Sht 8-12-16Consolidated Bakeries had 54,000 units changing hands with a loss of 3 cents to end at $2.20. Honey Bun had 15,116 shares changing hands to close at $6, Jetcon Corporation lost 5 cents in trading 48,526 shares to close at $5.95, Lasco Distributors had just 1,227 shares changing hands to close at $6.80. Lasco Financial Services traded 300,625 units and rose by 25 cents to $3.50, Lasco Manufacturing gained just 1 cent and ended at $4.58 with 101,000 shares changing hands, Paramount Trading fell 58 cents while 18,989 shares traded, to close at $3.22 and Derrimon Trading preference share lost 37 cents, ending with 22,875 units changing hands to close at $2.12.

Juniors fall with 2 stocks rising – Thursday

Stocks 2 The junior market index dropped 10.82 points to end at 2,398.97 on Thursday as the prices of 2 stocks rose and 8 declined with 4 securities trading, compared with 14 on Wednesday. The decline left the gain for the junior market index for the year to date to 34 percent.
The volume of stocks traded declining on Thursday by 15 percent from Wednesday’s level and ending with 1,016,439 units changing hands, valued at $5,281,239, up 26 percent from $7,108,043 on Wednesday.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
An average of 72,603 units with an average value of $377,231 traded, compared to 133,184 units with an average value of $507,717 on the preceding trading day. ICI Jm sum 24-11-16The average for the month to date is 114,221 units for an average of $648,781 compared to 116,669 units valued at $664,754 on Wednesday and 129,138 units with an average value of $709,705 for October.
In trading activity, Access Financial Services traded 2,510 units to close at $20.50, Cargo Handlers rose 50 cents and closed with 3,000 units changing hands to close at $12.50, Caribbean Producers lost 5 cents in trading 11,500 units at $3.45, Derrimon Trading lost 12 cents in trading 42,482 shares to close at $4.88, General Accident fell by 30 cents and closed trading with 125,025 units at $2.85, Honey Bun with 222,321 shares changing hands lost 3 cents and closed at $5.60.ICI Jm trds 24-11-16 Iron Rock Insurance traded 11,556 shares to end at $3, Jamaican Teas traded 6,384 shares to close at $3.99, with a decline of 1 cent. Jetcon Corporation gave up 5 cents and closed with 17,188 units changing hands at $5, Knutsford Express traded 1,000 units at $20, Lasco Distributors fell by 1 cent with 271,146 shares changing hands, to close at $6.60, Lasco Financial ended with 14,900 shares changing hands at $3.15. Lasco Manufacturing lost 10 cents and closed at $4.70 with 272,227 shares changing hands, Paramount Trading gain 10 cents with 14,600 units changing hands to close at $3.10.

11 Junior market stocks rose – Wednesday

AMG Packaging jumped $2.44 in trading on the Junior market on Wednesday.

AMG Packaging jumped $2.44 in trading on the Junior market on Wednesday.

The junior market index inched up 2.11 points to end at 2,409.79 on Wednesday as the prices of 11 stocks rose and 3 declined with 14 securities trading, the same number as on Tuesday. The rise brought the gain for the junior market index for the year to date to 35 percent.
The volume of stocks traded rising on Wednesday with an increase by 765 percent from Tuesday’s level and ending with 1,864,578 units changing hands, valued at $7,108,043, up 651 percent from $946,789 on Tuesday.
Market activities ended with 2 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
An average of 133,184 units with an average value of $507,717 traded, compared to 16,500 units with an average value of $67,628 on the preceding trading day. The average for the month to date is 116,669 units ICI Jm sum 23-11-16r for an average of $664,754 compared to 115,706 units valued at $674,569 on Tuesday and 129,138 units with an average value of $709,705 for October.
In trading activity, Access Financial Services gained 42 cents in trading traded 5,000 units to close at $20.50, AMG Packaging rose $2.44 and closed with 835 units changing hands to close at $20.95, Caribbean Cream closed with 14,917 shares changing hands and lost 11 cents to $7.14. Caribbean Flavours traded 17,257 units to end at $8.50 with a gain of 10 cents, Caribbean Producers rose 2 cents in trading 3,000 units at $3.50, Consolidated Bakeries rose 10 cents in trading 7,000 shares to close at $2.40, Jamaican Teas traded 17,600 shares to close at $4, with a gain of 1 cent. Jetcon Corporation rose 15 cents and closed with 383,452 units changing hands at $5.05,ICI Jm trds 23-11-16 Lasco Distributors fell 29 cents with 258,830 shares changing hands, to close at $6.61, Lasco Financial gained 7 cents and ended with 20,000 shares changing hands at $3.15. Lasco Manufacturing rose 9 cents and closed at $4.80 with 55,087 shares changing hands, Medical Disposables rose 5 cents and ended with 19,500 units changing hands to close at $4.30, Paramount Trading lost 50 cents with 29,100 units changing hands to close at $3 and Derrimon Trading preference share, rose 24 cents ending with 1,033,000 units changing hands at a 52 weeks’ high of $2.49.

Junior market drops sharply – Tuesday

Paramount Trading dropped sharply on Tuesday to help pull the junior market down..

Paramount Trading dropped sharply on Tuesday to help pull the junior market down..

The junior market index fell sharply by 44.65 points to end at 2,407.68 on Tuesday as the prices of 6 stocks rose and 6 declined with 14 securities trading, up from 9 on Monday. The fall on Tuesday brought the gain for the junior market index for the year to date ended at 34 percent.
The volume of stocks traded dropped sharply on Tuesday with the volume rose moderately by 16 percent from Monday’s level and ending with just 215,605 units changing hands, valued at $946,789, down 25 percent from $1,256,517 on Monday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
An average of 16,500 units with an average value of $67,628 traded, compared to 20,615 units with an average value of $139,613 on the preceding trading day. The average for the month to date is 115,706 units for an average of $674,569 compared to 122,319 units valued at $715,032 on Monday and 129,138 units with an average value of $709,705 for October.
ICI Jm sum 22-11-16rvIn trading activity, Honey Bun with 14,554 shares changing hands, but rose 3 cents to end at $5.63, Iron Rock Insurance dropped $1.10 cents in trading 5,00 units to close at $3, ISP Finance rose 22 cents to end at an all-time high of $7.25 with just 2,000 shares changing hands, Jamaican Teas traded 2,900 shares to close at $3.99. Jetcon Corporation fell 30 cents and closed with 10,400 units changing hands at $4.90, KLE Group declined 5 cents and ended with 4,000 shares trading at $1.50, Knutsford Express lost $2 in trading 485 shares to close at $20, Lasco Distributors rose 40 cents with 26,785 shares changing hands, to close at $6.90.ICI Jm trds 22-11-16 Lasco Financial gained 8 cents and ended with 18,751 shares changing hands at $3.08, Lasco Manufacturing lost 9 cents and closed at $4.71 with 44,400 shares changing hands, Paramount Trading dropped 45 cents with 53,334 units changing hands to close at $3.50. tTech rose 55 cents and ended with 11,996 shares changing hands at $5.75, Derrimon Trading preference share rose 15 cents ending with 20,500 units changing hands to close at $2.25 and Eppley 9.5% preference share, traded 500 units at $6.18.

Junior market falls on Monday

JM Sign The junior market index fell 11.77 points to end at 2,452.33 on Monday as the prices of just 1 stock rose and 6 declined with 9 securities trading, down from 17 on Friday. The gain for the junior market index for the year to date ended at 37 percent.
The volume of stocks traded dropped sharply on Monday with the volume dropped sharply by 88 percent from Friday’s level and ending with just 185,535 units changing hands, valued at $7,836,091, up 84 percent from $1,256,517
on Friday.
ICI Jm sum 21-11-16Market activities ended with 6 securities closing with bids higher than their last selling prices and 6 ending with lower offers.
An average of 20,615 units with an average value of $139,613 traded, compared to 93,495 units with an average value of $460,947 on the preceding trading day. The average for the month to date is 122,319 units for an average of $715,032 compared to 129,584 units valued at $756,133 on Friday and 129,138 units with an average value of $709,705 for October.
In trading activity, AMG Packaging fell $1.59 and closed with 25,415 units changing hands at $18.51, ICI Jm trds 21-11-16Caribbean Cream with 62,000 shares changing hands, rose 5 cents to close at $7.25, Consolidated Bakeries lost 10 cents in trading 2,000 shares to close at $2.30, Honey Bun with 23,868 shares changing hands, but lost 40 cents to end at $5.60. Jamaican Teas traded 4,449 shares and fell 11 cents to close at $3.99, KLE Group declined 5 cents and ended with 21,460 shares trading at $1.55. Lasco Financial ended with 44,000 shares changing hands at $3, Lasco Manufacturing closed at $4.80 with 882 shares changing hands and tTech lost 55 cents and ended with 1,450 shares changing hands at $5.20.

Paramount in Top 5 stocks to avoid

Paramount Trading is selling at a PE of 17 & is now in the TOP stocks to avoid for now.

Paramount Trading is selling at a PE of 17 & is now in the TOP stocks to avoid for now.

In a market that has stocks selling well below those with the highest valuation currently, based on 2016 earnings, investors should be focusing on stocks with lower valuations and avoid for now, the more pricy ones.
In certain cases it is not that some of the highest valued stocks will not perform well going forward. This may not be the time to buy them, as they are likely to underperform the overall market. A look at the performance of the TOP 5, reflects the situation very well.
Paramount Trading that has now entered the list to avoid, is the sole change, with Key Insurance moving out with recovery in profits in the September quarter. Paramount is the IC Insider’s TOP 5 best performer, rising with a gain of 181 percent since it entered the TOP list in September. Others to score big are, Access Financial Services with gains of 63 percent, Derrimon Trading up 58 percent, General Accident 50 percent followed by Jetcon with gains of 49 percent. Top 5 to avd 18-11-16In the main market Barita Investments is up 45 percent JMMB Group is up 38 percent and National Commercial Bank rose 27 percent. The stocks in the list to avoid have hardly moved in contrast to the TOP 5 selections with the best gain being 38 percent with the next best being Kingston Wharves with 7 percent.
With expansion plans, Honey Bun and Paramount could enjoy a good 2017, the stocks of the companies may take some time to really pay off, if bought now. With Honey Bun into its new fiscal year, first quarter results due by February 2017, could be strong and therefore be a fuel for higher price. Investors should keep their eyes on 2017 as the current year winds to a close and next year having much opportunities for profitable investment, and what may appear pricey now could be attractive in 2017 as companies enjoy more growth.

Juniors on edge of new record – Friday

General Accident traded at a new high on the junior market on Friday.

General Accident traded at a new high on the junior market on Friday.

The junior market return to more normal trading on Friday with a fraction of the volume and value traded on Thursday with the volume of stocks traded falling sharply. The market recorded gains with stocks gaining edging out those that fell.
Trading volume had a sharp drop of 94 percent from Thursday’s levels, ending with just 647,967 units changing hands, valued at a mere $1,074,606, down 99 percent from $76,439,888 on Thursday.
At the close of trading 19 securities traded, up from 16 on Thursday, resulting in 8 stocks advancing and 6 declining, including 2 that traded at an all-time high and one at an intraday high.
The market index climbed 27.57 points to close with 2,481.66 points, just below the all-time record of 2,482.44, reached on Monday, putting the gain for the year to date, to 39 percent.
Market activities ended with 9 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
ICI Jm sum 11-11-16Paramount Trading share price was adjusted to reflect the 10 for 1 stock split approved at the end of October trading at a new high of $3.90 with a gain of 50 cents with just 1,000 shares be active. The stock is up 333 percent for 2016 and an astonishing 1,500 percent since it went public in December 2012.
An average of 34,104 units with an average value of $56,558 traded, compared to 703,152 units with an average value of $4,777,493 on the preceding trading day. The average for the month to date is 160,784 units for an average of $1,002,217 compared to 129,138 units at $709,705 for October.
In trading activity, AMG Packaging slipped 30 cents and ended with 3,530 shares changing hands at $19.50, Cargo Handlers ended with 800 shares trading at $11.80 after falling 30 cents, Caribbean Cream closed with 2,213 shares changing hands and regained 20 cents to end at $8, Consolidated Bakeries lost 5 cents in trading just 100 shares to end at $2.45. C2W Music traded 650 shares to end at 23 cents, Derrimon Trading ended at $5 with 4,800 shares changing hands, after rising by 40 cents, Dolphin Cove closed with 300 units changing hands at $15.29, General Accident rose 12 cents and ICI Jm trds 11-11-16closed trading with 23,850 units at a 52 weeks’ high of $3.12. Honey Bun with 10,162 shares changing hands lost 30 cents and closed at $5.70, Jamaican Teas traded 1,085 shares to close at $3.90, Jetcon Corporation traded 48,759 shares and fell 1 cent in closing at $4.99 but the stock traded at a 52 weeks’ intraday high of $5.01. KLE Group traded 62,225 shares and rose 2 cents to $1.15, Lasco Distributors ended with 20,083 shares trading at $7, after rising by 10 cents, Lasco Financial ended with just 25,537 shares changing hands but fell 13 cents to close at $3, Lasco Manufacturing closed at $4.90 with 29,538 shares changing hands. Medical Disposables traded 2,225 units, gained 20 cents to end at $4.80, tTech gained 7 cents and ended with 17,900 shares changing hands at $5.12 and Eppley 9.5% cumulative preference share, ended with 1,382 units changing hands at $6.18.

Lasco Distributors dominates

Lasco Dist build The junior market had a big day of trading on Thursday as Lasco Distributors dominated trading with 10.5 million units, the market index fell 11.27 points to 2,454.09, putting the gain for the year to date to 37 percent.
Paramount Trading share price was adjusted to reflect the 10 for 1 stock split approved by the company at the end of October, no trading took place on Thursday.
At the close of trading 16 securities traded, up from 12 on Wednesday, resulting in 4 stocks advancing and 7 declining. Market activities ended with 5 securities closing with bids higher than their last selling prices and none ending with a lower offer.
ICI Jm sum 10-11-16Trading volume had a sharp jump of 477 percent from Wednesday’s levels, ending with 11,250,424 units changing hands, valued at $76,439,888, up by 462 percent from $13,610,614 on Wednesday.
An average of 703,152 units with an average value of $4,777,493 traded, compared to 162,369 units with an average value of $1,134,218 on the preceding trading day. The average for the month to date is 176,619 units at $1,120,425 compared to 129,138 units at $709,705 for October.
In trading activity, Access Financial lost 94 cents in trading 7,771 shares to end at $2.06, AMG Packaging climbed 30 cents and ended with 5,500 shares changing hands at $19.80, Cargo Handlers ended with 2,400 shares changing hands at $12, Caribbean Cream closed with 19,956 shares changing hands and lost 20 cents to $7.80. Caribbean Flavours closed trading with 1,430 units and gained 11 cents to close at $8.51, Consolidated Bakeries traded 3,805 shares to end at $2.50, C2W Music traded 650 shares to end at 23 cents, ICI Jm trds 10-11-16Dolphin Cove closed with 2,000 units changing hands at $15.29 but lost 20 cents in the process. Honey Bun with 18,825 shares changing hands lost 10 cents and closed at $6, Jamaican Teas traded 18,100 shares to close at $3.90 with a fall of 10 cents, Jetcon Corporation traded 38,928 shares and gained 25 cents in closing at $5. Knutsford Express traded 714 shares at $22, Lasco Distributors ended with 10,502,964 shares trading at $6.90, after easing by 10 cents, Lasco Financial ended with just 1,000 shares changing hands to close at $3.13, Lasco Manufacturing rose 5 cents and closed at $4.90 with 304,871 shares changing hands and Medical Disposables traded 321,510 units but dropped 40 cents to $4.60.

Juniors jump sharply on Wednesday

Paramount closed at a new high of $34 on Wednesday.

Paramount closed at a new high of $34 on Wednesday.

The junior market enjoyed moderate trading on Wednesday but closed with the market index jumping 55.40 points to 2,465.36 putting the gain for the year to date to 38 percent. Trading in Paramount Trading shares resulted in a new record close for the stock of $34 with 12,530 shares changing hands with a gain of 95 cents one day before the stock split of 10 to 1 takes effect.
At the close of trading 12 securities traded, the same as on Tuesday, resulting in 4 stocks advancing and 3 declining, including 1 that traded at an all-time high. Market activities ended with 3 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
ICI Jm sum 9-11-16Trading volume rose 54 percent from Tuesday’s levels, ending with 1,948,431 units changing hands, valued at $13,610,614, up by 111 percent from $6,437,908 on Tuesday.
An average of 162,369 units with an average value of $1,134,218 traded, compared to 105,747 units with an average value of $536,492 on the preceding trading day. The average for the month to date is 101,400 units at $597,986 compared to 129,138 units at $709,705 for October.
In trading activity, AMG Packaging climbed $1 and ended with 49,610 shares changing hands at $19.50, Blue Power closed with 10,100 units changing hands at $21.56. ICI Jm trds 9-11-16CAC 2000 traded 8,500 units and closed at $4, Cargo Handlers ended with 3,245 shares changing hands at $12, Caribbean Producers closed trading with 41,280 units and lost 38 cents to close at $3.12. C2W Music traded 3,057 shares but fell 2 cents to end at 23 cents, Derrimon Trading closed with 4,000 units changing hands at $4.80, Jetcon Corporation traded 15,900 shares and gained 10 cents in closing at $4.75. Lasco Distributors ended with 1,540,643 shares trading at $7, after trading at a low for the day of $6.40. Lasco Financial gained 23 cents and ended with 158,269 shares changing hands to close at $3.13 and Lasco Manufacturing fell 5 cents and closed at $4.85 with 101,297 shares changing hands.