Juniors down sharply on Tuesday

SM sign The junior market index fell back sharply from on Tuesday the record close on Monday with the market index sinking 72.48 points to 2,409.96 pulling the gain for the year to date down to 35 percent, with Lasco Distributors falling as low as $6 and closing with an average price of $6.27.
At the close of trading 12 securities traded, versus 16 on Monday resulting in 4 stocks advancing and 5 declining, including 1 that traded at an all-time low. Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Trading volume climbed 103 percent from Monday’s levels, ending with 1,268,960 units changing hands, while value traded, rose 75 percent to $6,437,908 from $3,677,838 on Monday.
An average of 105,747 units with an average value of $536,492 traded, compared to 39,243 units with an average value of $229,855 on the preceding trading day. ICI Jm sum 8-11-16The average for the month to date is 91,238 units at $508,614 compared to 129,138 units at $709,705 for October.
In trading activity, CAC 2000 lost 50 cents and traded 5,000 units and closed at a 52 weeks’ low of $4, as investors step in pick up the at the low price after they previously reacted negatively to the impact of the loss from the lawsuit for damages on the company’s finances. Cargo Handlers ended with a loss of 50 cents with 12,993 shares changing hands at $12, Caribbean Cream closed with 13,200 shares changing hands and rose 40 cents to end at $8. Caribbean Producers rose 9 cents and closed trading with 14,179 units at $3.50, ICI Jm trds 8-11-16Derrimon Trading closed with 3,500 units changing hands with a loss of 20 to end at $4.80. Dolphin Cove traded 1,059 shares and closed at $15.49, General Accident had 68,000 shares changing hands and closed at $3, Jetcon Corporation traded 117,486 shares in closing and gained 5 cents in closing at $4.65 after it traded at $5 in early trading, KLE Group lost 17 cents in closing at $1.13 with 25,847 shares changing hands. Lasco Distributors ended with 389,146 shares trading to close at $7, the stock traded as low as $6 during the morning session. Lasco Financial lost 20 cents and ended with 82,359 shares changing hands to close at $2.90, Lasco Manufacturing rose 5 cents and closed at $4.90 with 536,191 shares changing hands.

Juniors 11 points short of record – Thursday

The junior market within touch of record territory

The junior market within touch of record territory

Trading closed on the junior market just 10.68 points away from the previous record close on October 10, with the number of advancing stocks just edging out decliners, pushing the market index up by 7.98 points to 2,467.10 up 38 percent year to date.
Trading volume jumped 345 percent from Wednesday’s levels, ending with 2,322,147 units changing hands, while value traded, climbed 48 percent to $11,077,945 from $7,467,867 on Wednesday.
An average of 193,512 units with an average value of $923,162 traded, compared to of 27,445 units ICI Jm sum 3-11-16with an average value of $393,046 on the preceding trading day. The average for the month to date is 95,468 units at $540,218 compared to 129,138 units at $709,705 for October.
At the close of the market on 12 securities traded, versus 19 on Wednesday resulting in 4 stocks advancing and 2 declining. Market activities ended with 8 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In trading activity, AMG Packaging gained $1 and ended with 5,000 shares changing hands at $19.50, Cargo Handlers ended with a gain of 30 cents with 3,203 shares changing hands at $11.30, Caribbean Cream closed with 15,780 shares changing hands and rose 55 cents to end at $7.61.ICI Jm trds 3-11-16 Caribbean Producers lost 15 cents and closed trading with 6,062 units at $3.50, Derrimon Trading closed with 892 units changing hands and gained 20 cents to end at $4.80, General Accident Insurance traded 994,028 shares at $3. Honey Bun with 309 shares changing hands closed at $6.10, Knutsford Express traded 1,676 shares in closing at $22, Lasco Distributors ended with 966,639 shares trading to close at $7. Lasco Financial lost 15 cents with 322,358 shares changing hands to close at $3, Lasco Manufacturing closed at $5 with 5,000 shares and Paramount Trading had 1,000 units changing hands to close at $27.

Cargo Handlers gains 220% – Wednesday

Cargo Handlers traded at a new all-time high of $12 on Wednesday.

Cargo Handlers traded at a new all-time high of $12 on Wednesday.

Trading closed on the junior market, with Cargo Handlers trading at a 52 weeks’ high of $12, driving the price up with a gain of 220 percent for the year to date and ended with 162,763 shares trading. Trading ended with the market index recovering all the points lost on Tuesday and more.
Trading volume dropped 48 percent from Tuesday’s levels, ending with 718,533 units changing hands, while value traded, fell 42 percent to $4,825,236 from $8,364,061 on Tuesday.
An average of 44,908 units with an average value of $301,577 traded, compared to 81,413 units with an average value of $492,004 on the preceding trading day. The average for the month to date, amounts to 140,710 units at $781,154.
ICI Jm sum 26-10-16rAt the close of the market on 16 securities traded, versus 17 on Tuesday resulting in 5 stocks advancing and 4 declining stocks as 1 stock closed a new high. The market index climbed 36.24 points to 2,381.82 to be up 33 percent for the year to date.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 5 ending with lower offers.
CAC 2000 that could being facing a $200 million legal claim pay out, failed to trade but ended with an offer of $6.16 compared to $5.36 on Tuesday versus the last traded price of $6.30.
In trading activity, AMG Packaging climbed $2.58 while trading 3,000 shares to close at $19.58, Blue Power lost 10 cents and ended at $24.40 with 9,700 units changing hands, Caribbean Cream ended with 12,750 shares changing hands at $7.10, Caribbean Flavours traded 2,670 units to end at $8.38. Caribbean Producers lost 10 cents in trading 9,550 units to end at $3.65, Consolidated Bakeries had 20,000 units changing hands to end at $2.50, ICI Jm trd sht 26-10-16C2W Music traded 14,000 shares but fell 1 cent to 24 cents, Derrimon Trading ended at $4.60 with 25,000 shares changing hands, after rising by 60 cents. General Accident closed trading with 1,500 units at $3 but ended with the stock being offered at $2.99, Jetcon Corporation lost 5 cents and ended with 10,000 shares trading at $4.15, Lasco Distributors traded 178,472 units and rose 25 cents to close at $6.75, Lasco Financial ended with 40,310 shares changing hands at $3.10, Lasco Manufacturing rose 1 cent and closed at $5 with 193,398 shares trading but was on offer at $4.80 at the close. tTech ended with 9,420 shares changing hands at $5 and Eppley 10% preference share, traded 26,000 units at $6.10.

Juniors’ volume jumps 2,755% – Monday

Cargo Handlers traded at a new all-time high of $10.

Cargo Handlers traded at a new all-time high of $10.

Trading volume on the junior market of the Jamaica Stock Exchange rose sharply on Monday as 19 securities were active. Volume traded surged 2,755 percent from Friday’s levels, ending with a 6,697,473 units changing hands, while value traded, leapt 2,495 percent to $36,505,806 from $1,406,575, on Friday.
Victoria Mutual Wealth Management was involved in a series of large volume of crossed trades that helped in a major way to boost the level of trading.
An average of 352,499 units with an average value of $1,921,358 traded, compared to 18,046 units with an average value of $108,198 on the preceding trading day. The average for the month to date, amounts to 151,789 units at $836,063.
At the close of the market on 18 securities traded, versus 13 on Friday resulting in 6 stocks advancing and 6 declining stocks as 1 stock hit a new high. The market index rose 4.24 points to 2,376.04 to be up 33 percent for the year to date.
ICI Jm sum 24-10-16Market activities ended with 5 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In trading activity, Blue Power ended at $24.50 with 5,300 units changing hands, CAC 2000 traded 1,183,488 units at $6.30, Cargo Handlers finally traded after the 10 for 1 stock split and hit a new high of $10 as 7,000 shares traded. Caribbean Cream rose 1 cent and ended with 459,592 shares changing hands at $7.01, Caribbean Producers gained by 5 cents in trading 443,187 units to end at $3.75, C2W Music traded 29,357 shares to close at 25 cents. Consolidated Bakeries had 144,528 units changing hands, with the price declining 1 cent to end at $2.59. Dolphin Cove had 164,564 units changing hands, with the price ending at $12.21 after rising 16 cents, General Accident lost 20 cents and closed trading with 1,441,893 units at $2.60, Honey Bun with 102,499 shares changing hands, closed at $5.62. ISP Finance traded 24,623 units at $7.03,ICI Jm trd sht 24-10-16 Jetcon Corporation ended with 54,796 shares trading at $4.20. Knutsford Express ended at $23 with 8,500 shares changing hands, Lasco Distributors traded 250,864 units trading with a loss of 16 cents at $6.83, Lasco Financial lost 1 cent and ended with 99,572 shares changing hands at $3.09, Lasco Manufacturing rose 7 cents and closed at $4.86 with 9,123 shares trading. Medical Disposables rose 40 cents to close at $5 with 1,335,514 shares changing hands, Paramount Trading lost 12 cents to close at $23.88 with 113,273 shares changing hands and Eppley 9.5% preference share, traded 819,800 units and fell 14 cents to $6.16.

Juniors’ volume drops again – Friday

Consolidated Bakeries closed at a 52 weeks' high on Friday.

Consolidated Bakeries closed at a 52 weeks’ high on Friday.

Trading volume on the junior market of the Jamaica Stock Exchange which declined on Thursday, fell again on Friday. Volume traded dived 73 percent from Thursday’s levels, ending with a mere 234,593 units changing hands, while value traded, dropped 60 percent to $1,406,575 from $3,474,124, on Thursday.
An average of 18,046 units with an average value of $108,198 traded, compared to 67,729 units with an average value of $267,240 on the preceding trading day. The average for the month to date, amounts to 136,350 units at $752,579.
At the close of the market on 13 securities traded, versus 13 on Thursday resulting in declining stocks out pacing advancing stocks 7 to 3 as 2 stocks hit new highs. ICI Jm sum 21-10-16The junior market index declined by 0.50 points to 2,371.80 to be up 32 percent for the year to date.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
Cargo Handlers which split the stock 10 for 1 stock earlier in the week did not trade on Friday but closed with a bid at $9.01 with an offer at $10.
In trading activity, Access Financial lost 50 cents and ended at $20.50 with 10,944 units changing hands, Caribbean Cream lost $1 and ended with 27,603 shares changing hands with a to $7, Caribbean Producers declined by 5 cents in trading 80,161 units to end at $3.70, C2W Music traded 3,057 shares to close at 25 cents. Consolidated Bakeries had 1,300 units changing hands, with the price rising 10 cents to end at $2.60. ICI Jm trd sht 21-10-16Derrimon Trading had 10,000 units changing hands, with the price ending at $4, Honey Bun with 1,000 shares changing hands gained 2 cent and closed at $5.62, ISP Finance traded 27,905 units at a new high of $7.03 after rising 3 cents, Jamaican Teas ended with just 400 shares trading with a rise of 1 cent at $4.01. Knutsford Express ended at $23 with 210 shares changing hands, Lasco Financial rose 5 cents and ended with 450 shares changing hands at $3.10, Lasco Manufacturing rose 3 cents and closed at $4.79 with 68,320 shares trading and Paramount Trading rose 1 cent to close at $24 with 3,243 shares changing hands.

Paramount best Top 5 performer

Paramount Trading having closed on Friday at $23.95 ended up as to top performing stock since IC Insider started the Top 5 selection list. Top 5 perf 14-10-16All selections recorded gains since they were identified as top stocks.
For the week ended on October 14, Jetcon Corporation emerged as the leader of the list of junior market stocks with the greatest potential gains followed by Access Financial Services, Derrimon Trading rose to over $4 and slipped off the list at the end of the week. Knocking at the door of the list are tTech and Dolphin Cove followed by Derrimon Trading.
Main market stocks all remained in the Top 5 but with changes in position with Barita Investments moving down to number 3 with the price moving to $4.65 and Berger Paints holding the top spot. Sitting just below the Top 5 are Palace Amusements. Top 5 stks 14-10-16JMMB Group, National Commercial Bank, Mayberry Investments and Sterling Investments all with potential gains over 100 percent.
IC Insider started the Top 5 selection as of September 9 and with just over a month having passed IC Insider looked at the performance of all the selections. Paramount Trading topped the list with a gain of 71 percent followed by 31 percent for Derrimon Trading and 27 percent for Medical Disposables in the junior market and a 48 percent gain for Barita Investments followed by a gain of 35 percent for JMMB Group.

Juniors climb to new record high – Monday

Trading on the junior market of the Jamaica Stock Exchange on Monday, resulted in advancing stocks edging declining stocks 5 to 4 pushing the junior market index by a robust 27.40 points to 2,477.78.
ICI Jm sum 10-10-16At the close, 2 securities traded, including one closing at new highs. Trading slipped from Friday’s levels, ending with 499,330 units changing hands, 48 percent lower than on Friday, while value traded, dropped 63 percent to $2,265,060 from $6,200,775, on Friday.
Market activities ended with 7 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In market activity, Cargo Handlers that will split its stock 10 for 1, effective October 22 traded 3,500 shares on Monday at a new high to close $3.90 higher at $90. The stock closed with the bid at $87 to buy 393 units, with an offer at $90 to sell 42,051 units.
In other trading activity, AMG Packaging closed with a gain of $1.50 cents at $19.50 with 5,000 units changing hands, Caribbean Producers remained unchanged in trading 1,950 units to end at $3.50, ICI Jm trd sht 10-10-16Derrimon Trading climbed 49 cents and closed with 96,209 units changing hands at $4, Honey Bun rose 10 cents in trading 38,789 shares at $6.20. Iron Rock traded 1,400 shares to close at $3.35, KLE Group ended at $1.89 with 35,435 shares changing hands after falling by 16 cents, Knutsford Express lost 80 cents with 939 units changing hands to end at $23.20, Lasco Distributors rose 39 cents with 7,865 units trading, at $7.89. Lasco Financial lost 2 cents and ended with 267,828 shares changing hands at $3.20, Lasco Manufacturing closed at $5 with 33,115 shares trading and tTech traded 7,300 with a loss of 15 cents to end at $4.85.

Juniors squeeze out a record – Friday

Paramount traded at a new high on Friday with a gain of $2.50.

Paramount traded at a new high on Friday with a gain of $2.50.

Trading on the junior market of the Jamaica Stock Exchange on Friday, resulted in of advancing stocks being overwhelmed by declining stocks but eked out a narrow increase in the index. During early trading, the junior market index jumped a robust 29.13 points to 2,472.28 but ended at 2,450.38 for a closing high, by climbing 7.23 points for an increase of 36.8 percent for 2016.
At the close, 1 stock rose and 7 declined out of 12 securities trading, including two closing at new highs. Trading slipped from Thursday’s levels, ending with 952,581 units changing hands, 46 percent lower than on Thursday, while value traded, dropped 13 percent to $6,200,775 from $7,158,594, on Thursday.
ICI Jm sum 7-10-16rMarket activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In market activity, Cargo Handlers that will split its stock 10 for 1, effective October 22 has not traded since September 12 when it closed at $86.10. The stock closed with the bid at $87.05 to buy 2,010 units at the close of trading with an offer at $90 to sell 45,551 units.
In trading activity, Caribbean Cream gave back 10 cents with 339,094 shares changing hands to end at $9.30, Caribbean Flavours closed with the price falling 99 cents in trading 2,600 units at $8. Caribbean Producers remained unchanged in trading 85,306 units to end at $3.50.ICI Jm trd sht 7-10-16Consolidated Bakeries traded 33,310 shares to close at $2.50, Derrimon Trading lost 9 cents and closed with 174,323 units changing hands at $3.51, Honey Bun traded 30,861 shares at $6.10. Jamaican Teas traded 16,761 shares to close at $3.90 after falling by 10 cents, Lasco Distributors lost 2 cents with 164,221 units trading, at $7.50, Lasco Financial ended with 10,000 shares changing hands at $3.22. Lasco Manufacturing closed at $5 with 20,000 shares trading, Paramount Trading closed with a gain of $2.50 at a 52 weeks’ high of $24.50 with only 150 shares changing hands and tTech traded 75,955 with a loss of 58 cents to end at $5.

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.