tTech gains 114% in 1 week

January 12, 2016 by

tTech gained 114% since it was listed last week

tTech gained 114% since it was listed last week

Investors pumped up the prices of the heavily weighted Lasco Manufacturing by 48 cents while CAC 2000 climbed 74 cents to a new high and tTech jumped $1.20 to new highs and helped to push the junior market up by 4.32 percent increase or 97.62 points to land at 2,357.20.
The market closed with 16 securities trading 7 of which advanced, 6 declined with 3 closing at a new 52 weeks’ highs. A volume of 5,129,787 units changed hands, valued at $30,252,961.
At the close, 1 security ended with no bids to buy and 8 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, newly listed CAC 2000 traded 10,000 shares at a new 52 weeks’ high of $6.42 to gain 74 cents for the day and an increase of 32 percent since listing last week. C2W Music ended 3 cents down to close at 47 cents while 29,900 units changed hands, Caribbean Cream ended with 377,064 shares changing hands as the price rose 45 cents to end at $5. Caribbean Flavours traded 22,000 units to close with a rise of 12 cents at $9, Caribbean Producers had 29,814 units changing hands, but slipped 5 cents to close at $5.55, Derrimon Trading ended at $4.05, with 32,370 units trading, General Accident traded 111,376 shares to close with a loss of 5 cents, to end at $2. Jamaican Teas lost 7 cents with 43,000 shares changing hands, to close at $5.35, KLE Group rose 33 cents to $1.83 with 14,941 shares changing hands. ICI -JM 12-01-16Lasco Distributors closed with 1,420,762 shares changing hands for a to end at $9, Lasco Financial fell 16 cents to close at $4.99 with 412,599 shares changing hands, Lasco Manufacturing traded 2,287,065 shares and rose 48 cents to close at a 52 weeks’ high of $5.08. Medical Disposables ended with 128,000 shares changing hands to close at $3.30, Sweet River closed with 64,500 units changing hands at $3.92 after rising 1 cent, tTech closed at a new 52 weeks’ high of $5.35 with 22,396 units changing hands to gain $1.20. The stock has gained 114 percent since it was listed last week following a successful IPO and Derrimon Trading preference share ended with 124,000 units changing hands to end at $2.10.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , ,

Junior market jumps 8.7% to new high

January 8, 2016 by

Junior market stocks is racing into resistance at 2,200 points, raising questions about the rally's pace

Junior market stocks is racing into resistance at 2,200 points, raising questions about the rally’s pace


Investors pushed the junior market to one of the highest moves in a day, with an 8.72 percent increase or 167.78 points to land at 2,092.37 or just over 100 points from the next resistance level around 2,200 points. The move was helped in no uncertain manner by big moves in the prices of the three Lasco companies and to a big move up in the price of Caribbean Cream following release of financial results showing earnings of 33 cents or $124 million for the nine months to November compared with just 8 cents in 2014.
The market closed with 18 securities trading 10 of which advanced, 3 declined with 8 closing at a new 52 weeks’ high. A volume of 10,672,995 units changed hands, valued at $46,214,999, with big volumes from Caribbean Cream 1,647,902 shares with a value of $7,340,719 and Lasco Manufacturing with 7,260,133 units valued at $29,899,891.
At the close, 2 securities ended with no bids to buy and 9 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, newly listed CAC 2000 shares, rose 25 cents to end at $5.68 compared to its IPO price of $4.85 with 15,000 shares trading and tTech that issue shares tin its IPO at $2.50 traded at a new high of $3.60 with a gain of 56 cents from Thursday’s close, with 69,981 shares changing hands. Elsewhere, AMG Packing gained $1.69 to close at a 52 weeks’ closing high of $9.05 with 200 shares trading, C2W Music ended with a rise of 6 cents to close at 51 cents while 20,500 units changed hands, Caribbean Cream ended with 1,647,902 shares changing hands as the price rose 50 cents to end at $4.68. Caribbean Flavours traded 7,000 units to close with a gain of 12 cents at $9, Caribbean Producers traded 104,165 units and gained 2 cents to close at $5.50, Consolidated Bakeries fell 10 cents and ended at $1.40, with 159,245 units changing hands, Derrimon Trading Company had 503,000 units trading, to close at $4.05. Dolphin Cove ended at $15.60 with 4,846 shares trading, General Accident traded 89,100 shares to close with a loss of 10 cents, to end at $2, Honey Bun gained 20 cents with ICI -JM 08-01-1616,683 shares changing hands to close at a 52 weeks’ high of $6.70, Jamaican Teas had 27,000 shares trading, to close at $5.50, KLE Group ended with a fall of 2 cents to $1.85, with 15,000 shares changing hands. Lasco Distributors closed with 525,060 shares changing hands for a gain of 89 cents, to end at a 52 weeks’ high of $7.40, Lasco Financial rose 89 cents to close at a 52 weeks’ high of $5 with 153,000 shares changing hands. Lasco Manufacturing rose 30 cents to close at a 52 weeks’ high of $4.15, Medical Disposables ended with 4,000 shares changing hands to close with a loss of 25 cents at $3.30 and Paramount Trading closed at a new 52 weeks’ high of $10 with 66,180 units changing hands to gain $1.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , ,

Big jump in junior stocks as tTech & CAC trade

January 7, 2016 by

tTech gained 22% on the first day of trading to close at $3.04.

tTech gained 22% on the first day of trading to close at $3.04.

Trading commenced on Thursday, in tTech and CAC 2000 shares, with the former rising 22 percent or 54 cents to end at $3.05 and CAC rose 12 percent or 43 cents to close at $5.43. The companies were enjoying the first day of trading following successful IPO offerings at $2.50 and $4.85 at the IPO stage. The junior market continued its bull run with a big 77.67 points move in the index to end at 1,924.59 for yet another new record close.
The market closed with 19 securities trading 10 of which advanced, 4 declined with 7 closing at a new 52 weeks’ high. A volume of 3,272,184 units changed hands, valued at $17,503,527.
At the close, 2 securities ended with no bids to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 3 closed with lower offers.
In trading, Access Financial Services closed at $16 after losing 6 cents with 22,300 units changing hands, AMG Packing gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. CAC rose 58 cents to close at $5.43 with 6,000 units changing hands, but the stock was offered at $5.43 at the close to sell 5,000 units. C2W Music ended with a rise of 2 cents to close at 45 cents while 114,000 units changed hands, Cargo Handlers lost 15 cents to end at $37.50 with 589 shares changing hands, Caribbean Cream ended with 379,183 shares changing hands as the price rose 29 cents to end at $4.18. Caribbean Flavours traded 75,871 units to close with a gain of 38 cents at $8.88, Caribbean Producers traded 9,500 units but gain 80 cents to close at $5.48, Consolidated Bakeries ended at $1.50, with 3,050 units changing hands, Derrimon Trading Company had 27,000 units trading, to close at $4.05. General Accident traded 23,600 shares to close with a loss of 10 cent, to end at $2.10, Honey Bun gained 22 cents with 114,652 shares changing hands and closed at a 52 weeks’ high of $6.50, KLE Group ended with a fall of 2 cents at $1.85 with 15,000 shares changing hands.ICI -JM 07-01-16 Lasco Distributors closed with 1,354,455 shares changing hands for a gain of 50 cents, to end at a 52 weeks’ high of $6.51, Lasco Financial rose 16 cents to close at a 52 weeks’ high of $4.11 with 55,598 shares changing hands. Lasco Manufacturing rose 20 cents to $3.80 with 349,634 shares trading, Medical Disposables ended with 5,000 shares changing hands at the close at $3.55, tTech had 257,952 units changing hands to gain 54 cents to close at $3.04, at the close there were no stocks on offer, while bids ranged from a low of $2.33 to a high of $3.05, Eppley 2019 preference shares traded 42,000 shares at $6.10 and Eppley 9.5% preference shares had 416,800 changing hands at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

tTech & CAC 2000 trades on Thursday

January 6, 2016 by

tTech's executives

tTech’s executives

Trading commences on Thursday, in tTech and CAC 2000 shares, following successful IPO offerings as the junior market continued its bull run with the index gaining 7.95 points to end at 1,846.92 for a new record close. The market closed with 15 securities trading 9 of which advanced, 4 declined with 7 closing at a new 52 weeks’ high. A volume of 3,347,529 units changed hands, valued at $9,025,299.
At the close, 1 security ended with no bid to buy and 6 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, AMG Packaging gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. C2W Music closed with 64,290 units changing hands at 43 cents for a 52 weeks’ high, having risen 3 cents, Cargo Handlers traded at a new high of $37.65 with 126 shares changing hands, Caribbean Cream ended with 54,293 shares changing hands as the price slipped by 11 cents to end at $3.89. Caribbean Producers traded 1,500 units but lost 82 cents to close at $4.68, Consolidated Bakeries rose 8 cents to end at $1.50, with 355,700 units changing hands, ICI -JM 06-01-16Derrimon Trading Company had 4,930 units trading, to close up 25 cents to a 52 weeks’ high of $4.05. General Accident traded 1,318,600 shares to close with a loss of 1 cent, to end at $2.18, Honey Bun gained 10 cents with 1,150 shares changing hands and closed at a 52 weeks’ high of $6.28, Jamaican Teas rose 45 cents and ended at a 52 weeks’ high of $5.50 while 1,689 units were traded, KLE Group ended at $1.87 with 49,632 shares changing hands. Lasco Distributors closed with only 4,538 shares changing hands for a gain of 31 cents, to end at a 52 weeks’ high of $6.01, Lasco Financial lost 5 cents to close at a $3.95 with 4,200 shares changing hands. Lasco Manufacturing rose 5 cents to $3.60 with 1,483,881 shares trading and Medical Disposables ended with 2,000 shares changing hands at the close at $3.55.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

Juniors move to higher heights

January 5, 2016 by

AMG Packaging closed at a new high of $7.20 on Tuesday.

AMG Packaging closed at a new high of $7.20 on Tuesday.

The junior market started 2016 with the index gaining 24.19 points to end at 1,838.97 for a new record high. The market closed with 17 securities trading 7 of which advanced, 5 declined with 3 closing at a new 52 weeks’ high and 2 at an intraday 52 weeks’ high. A volume of 1,801,000 units changed hands, valued at $7,668,101.
At the close, 2 securities ended with no bids to buy and 8 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 4 closed with lower offers.
The junior market will have two new listing when trading commences on Thursday with tTech and CAC 2000 being added following successful IPO offerings. The listings were approved today by the Jamaica Stock Exchange.
In trading, Access Financial Services closed with a gain of 6 cents at $16.06 with 5,900 units changing hands, AMG Packaging gained 20 cents to close at a 52 weeks’ closing high of $7.20 with 9,954 shares trading, C2W Music closed with 174,441 units changing hands at 40 cents. Caribbean Cream ended with 153,300 shares changing hands as the price slipped by 8 cents to end at $4, Caribbean Flavours traded 11,474 units to close with a loss of 50 cents at $8.50, Caribbean Producers traded 3,636 units to close at $5.50, Consolidated Bakeries fell 7 cents to end at $1.42 with 8,000 units changing hands. Derrimon Trading Company had 16,550 units trading at $3.80 but ended the day with a bid at $4. Dolphin Cove ended at $15.60 with only 4,000 shares trading to gain 10 cents, General Accident traded 63,115 shares to close with a gain of 14 cents, to end at a 52 weeks’ high of $2.19. ICI -JM 05-01-16Jamaica Teas ended at $5.05 with a while 39,500 units traded, but rose earlier to a 52 weeks’ intraday high of $5.25, KLE Group ended at $1.87 with 123,397 shares changing hands, Knutsford Express rose $1.05 with 7,678 shares trading to end at $10.65. Lasco Distributors closed with 750,787 shares changing hands for a gain of 20 cents, to end at a 52 weeks’ high of $5.70, Lasco Financial gained 10 cents to close at a 52 weeks’ high of $4 with 64,737 shares changing hands. Lasco Manufacturing dipped 5 cents to $3.55 with 388,215 shares trading and Paramount Trading ended with 2,916 shares changing hands at the close at $9 after it traded at an intraday high of $9.10.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , ,

Juniors close 2015 with 8 up 3 down

December 31, 2015 by

Honey Bun closed at a new 52 weeks' high on Thursday

Honey Bun closed at a new 52 weeks’ high on Thursday

The junior market ended 2015 with gains of 160 percent with but the market suffered a modest decline on Thursday with the index falling 1.10 points to end at 1,791.05. The market closed with 16 securities trading 8 of which advanced, 3 declined with 2 closing at a new 52 weeks high. Volume changing hands amounted to 4,049,568 units, valued at $15,799,898.
At the close, 1 security ended with no bids to buy and 6 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, C2W Music closed with a gain of 1 cent as 20,000 units changed hands at 39 cents, Caribbean Cream ended the year with 264,288 shares changing hands for a gain of 10 cents to $4.08, Caribbean Producers traded 6,000 units to close with a gain of 45 cents at $5.45. Consolidated Bakeries gained 15 cents to end at $1.45 with 2,922 units changing hands, Derrimon Trading had 3,135,140 shares trading for a gain of 7 cents to close at $3.87, Dolphin Cove ended with 3,900 shares changing hands at $15.50, after falling 25 cents, General Accident ended with 20,000 shares trading close at $2.05 for a loss of 3 cents. Honey Bun rose 4 cents to end at a 52 weeks’ high of $6.15, with 1,800 units changing hands, Jamaica Teas traded at a new 52 weeks’ high of $5.10 with a gain of 5 cents while a mere 850 units traded, at the close the stock was offered at $5.05.JM Trde Sht 31-12-15r KLE Group ended at $1.87 with 4,000 shares changing hands to record a loss of 1 cent, Lasco Distributors rose by 10 cents and closed with 95,306 shares changing hands at $5.50 for a closing 52 weeks’ high. Lasco Financial closed at $3.70, with 3,899 shares changing hands, Lasco Manufacturing closed at $3.50 with 246,352 shares trading, Medical Disposables traded 10,000 shares to close unchanged at $3.55, Sweet River ended with 100,000 units changing hands at $3.91 after losing 4 cents and Eppley 9.5% preference share traded 135,111 units at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , ,

New junior record up 151% in 2015 – Tuesday

December 29, 2015 by

KLE closed at a 52 weeks' high in closing at $1.83 on Tuesday.

KLE closed at a 52 weeks’ high in closing at $1.83 on Tuesday.

Another record close for the junior market pushed the market for emerging companies to sit atop of 151 percent gain for 2015 with two trading days to go. On Tuesday the index put on 25.22 points to end at a record high of 1,726.06 as the market sets it sights on the 2,200 mark the next major point of resistance.
Trading ended with 12 securities trading of which 7 advanced and 1 declined with 3 closing at a new 52 weeks high. Volume changing hands amounted to 986,076 units, valued at $3,374,729.
At the close there was 1 security ending with no bid to buy and 5 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial closed with 6,490 units changing hands at $16, Caribbean Cream slipped 8 cents with 44,600 shares changing hands at $3.80, Caribbean Flavours closed at $9.44 with 18,938 shares changing hands, Caribbean Producers rose 42 cents in trading 52,000 units to close at $5. Dolphin Cove ended with 1,092 shares changing hands at $15.62 by gaining 12 cents, General Accident gained 20 cents with 1,000 shares trading close at $2.08. Jamaican Teas ended up by 55 cents with only 2,529 shares trading, JM Trde Sht 29-12-15KLE Group ended at $1.83 with 10,000 shares changing hands to record a gain of 28 cents, Lasco Distributors rose by 5 cents and closed with 157,804 shares changing hands at $5 for a 52 weeks’ high, after trading earlier at an all-time high of $5.50. Lasco Financial rose 17 cents to close at a new 52 weeks’ high of $3.70, with 26,998 shares changing hands, Lasco Manufacturing closed at $3.50 with 264,625 shares trading, the stock traded earlier as low as $3.10 and Derrimon Trading preference share ended with 400,000 shares trading at $2.10.

Filed Under: Breaking News, Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , ,

JSE down early Tuesday trading

December 29, 2015 by

The junior market is off to a flying start with the index hitting new heights with a gain of 25.01 points to reach 1,725.85 with KLE Group trading up by 28 cents to a new 52 weeks’ high of $1.83 while trading 10,000 shares. By 10:45 the index was pushed down below Monday’s close of 1,700.84.
JSE intra 29-12-15Trading levels remain low after the Christmas break with 20 securities trading up to 10:45 on Tuesday morning on the Jamaica Stock Exchange. The three main major market indices had mixed fortunes with main market ones declining and the combined rising as a result of the gains in the junior market. Total securities rising amount to 4 and while 7 declined with 2,969,956 units changing hands.
The all Jamaica Composite Index declined by 101.19 points to 163,314.86 the JSE Market Index declined 90.55 points to 147,069.59, the JSE combined index fell by 237.33 points to 153,891.58 and the junior market index is down 17.01 points to 1,683.83.
Interesting trades include Cable & Wireless with 81,815 units at $1.33, Sagicor Group with 798,976at $18.50 and Supreme Ventures 1,409,317 shares at $4.66. Derrimon Trading preference share had 400,000 units trading at $2.10 and Lasco Manufacturing ended down to $3 from $3.50 with 96,195 shares.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , ,

Juniors hits new record on Monday

December 28, 2015 by

The junior market closed at an all-time high on Monday.

The junior market closed at an all-time high on Monday.

The junior market advanced on Monday to reach another milestone of crossing the 1,700 points mark. At the close of trading the index put on 20.43 points to end at a record high of 1,700.84, as the market for emerging companies, sits just 3 percent below gaining 150 percent for 2015.
Trading ended with 12 securities trading of which 6 advanced and 1 declined. Volume changing hands amounted to 9,625,941 units, valued at $21,462,981.
At the close there was 1 security ending with no bid to buy and 5 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, AMG Packaging closed with 1,000 units changing hands at $7, Caribbean Cream gained 8 cents with 211,685 shares changing hands at $3.88, Caribbean Producers rose 1 cent in trading 40,000 units to close at $4.58, Consolidated Bakeries rose 10 cents with 38,000 shares changing hands at $1.30, Derrimon Trading ended with 100,000 shares changing hands at $3.80. JM Trde Sht 28-12-15General Accident lost 2 cents with 8,576,273 shares trading valued at $17,143,022 to close at $1.88. Knutsford Express ended at $9.60 with 970 shares changing hands. Lasco Distributors rose by 5 cents and closed with 283,883 shares changing hands at $4.95 for a 52 weeks’ high, after trading earlier at an all-time high of $5.08. Lasco Financial rose 3 cents to close at $3.53, with 22,000 shares changing hands, Lasco Manufacturing gained 10 cents, to close at $3.50 with 259,030 shares trading, Medical Disposables closed with 9,100 shares trading at $3.55 and Eppley 9.5% preference share ended with 84,000 shares trading at $6.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , ,

13 stocks rise 3 down early trading

December 28, 2015 by

Trading levels are low after the Christmas break with 24 securities trading up to 10:45 on Monday morning on the Jamaica Stock Exchange. JSE intra 28-12-15All the main indices rose with 13 stocks rising and only 3 declining with 1,022,877 units changing hands.
The all Jamaica Composite Index rose 731.19 points to 163,015.23 the JSE Market Index gained 654.27 points to 146,801.48, the JSE combined index increased by 745.93 points to 153,736.10 and the junior market index is down 14.36 points to 1,694.77.
Interesting trades include Barita Investments with 105,000 shares at $3.80, Caribbean Cement rising $1.30 with 9,815 shares to $19.50, Caribbean Cream with 76,685 shares at $3.88 after gaining 8 cents, Derrimon Trading with 100,000 units at $3.80, Lasco Distributors with 180,883 units at a new high of $5 and Lasco Manufacturing with 248,830 shares at $3.40.

Filed Under: JSE Main Market, Stock Market Tagged With: , , ,