Juniors index inch higher on Monday

February 20, 2017 by

Caribbean Flavours traded at a new high of $13.50 on Monday.

The junior market inched higher at the close of trading on Monday, to close at 3,101.51 points after climbing a mere 5.05 points. the market closed with 24 securities changing hands, compared to 19 on Friday.
At the market’s close, 11 stocks rose while 8 declined as trading ended with 2,642,818 units valued at $15,747,182 passing through the market, compared to 5,212,444 units valued at over $33,772,710, on Friday. At the close 6 stocks had bids higher than their last sale prices and 2 with lower offers, than the last sale, while 1 stock closed at new 52 weeks’ high while one traded at an intraday high.
An average of 110,117 units with an average value of $656,133 traded, compared to of 274,339 units with an average value of $1,777,511 on the previous trading day. The average volume and value for the month to date ended at 272,597 units and $1,690,274 compared to 285,096 units and $1,759,823 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging dropped $3.99 and closed at $24.01 with 4,835 units changing hands, Blue Power closed at $50.25 after gaining 24 cents with just 100 shares trading, Cargo Handlers lost 43 cents in trading 180 units, to close at $24.07, Caribbean Cream closed trading with 30,640 units at $8, after gaining by 75 cents. Caribbean Flavours rose $1 in trading 1,500 units to end at a new 52 weeks’ high of $13.50, Caribbean Producers closed trading with 46,522 units being exchanged at $4.60 for a loss of 5 cents, Consolidated Bakeries traded 50,000 shares, to close 5 cents higher at $4.05, C2W Music traded 6,683 units and fell 11 cents to 39 cents. Derrimon Trading ended at $7.20 with 38,400 shares changing hands, General Accident closed trading with 6,000 shares while rising 12 cents to end at $4.12, Honey Bun closed with 4,672 shares changing hands to end at $7, Jamaican Teas traded 3,031 shares to close at $8 after gaining by 18 cents. Jetcon Corporation closed trading $1 higher with 390,520 shares being exchanged to end at $11, Key Insurance traded 9,524 units, to close with a loss of 1 cent, at $2.89, KLE Group rose 20 cents and ended with 181 units changing hands, at $2.70, Lasco Distributors ended trading 110,000 units to close at $7.30, after adding 30 cents. Lasco Financial traded 412,200 shares changing hands, to end at $4.70, Lasco Manufacturing with 1,448,197 units changing hands, closed with a gain of 30 cents at $5, Main Event had 59,631 shares changing hands to close at $4.80. Medical Disposables lost 40 cents and closed at $7 with 4,704 shares changing hands, tTech gained 90 cents and closed trading with 513 units changing hands at $7.90, Eppley 9.5% preference share, ended with 300 units changing hands at $6.01 after falling by 2 cents and Eppley 10% preference share, ended with 300 units trading at $6.85.

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

Juniors index jumps sharply on Friday

February 17, 2017 by

Lasco Financial Services stock closed at a new high of $35 on Friday.

The junior market bounced back in trading on Friday, to close at 3,096.46 points after climbing 68.71 points as 19 securities changed hands, compared to 21 on Thursday with less stocks rising than falling.
In spite of the sharp gain in the index only 5 stocks rising while 9 declined with Access Financial jumping $3.75. Trading ended with 5,212,444 units valued at over $33,772,710 passing through the market, compared to 5,009,146 units, valued at $26,375,749, on Thursday. At the close 5 stocks had bids higher than their last sale prices and 5 with a lower offer, than the last sale, while 2 stocks closed at new 52 weeks’ high.
An average of 274,339 units with an average value of $1,777,511 traded, compared to of 238,531 units with an average value of $1,255,988 on the previous trading day. The average volume and value for the month to date ended at 285,096 units and $1,769,823 compared to 285,992 units and $1,769,183 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, Access Financial Services surged $3.75 to a 52 weeks’ high of $35 in trading 3,500 units, AMG Packaging jumped $3.50 and closed at $28 with 242 units changing hands, at the close the stock was offered at $25 to sell 150 units, Cargo Handlers traded 8,054 units, to close at $24.50. Caribbean Cream closed trading with 104,586 units at $7.25, after falling by 75 cents, Caribbean Producers closed trading with 16,011 units being exchanged at $4.65, Consolidated Bakeries traded 526,000 shares, to close at $4. General Accident closed trading with 162,398 shares while falling 15 cents to end at $4, Honey Bun closed with 422,790 shares changing hands to end with a loss of 50 cents at $7, Jamaican Teas traded 4,358 shares to close at $7.82 after declining by $1.18. Jetcon Corporation closed trading with 244,231 shares, to end with a loss of $1 at $10. Key Insurance traded 56,000 units, to close with a loss of 10 cents, at $2.90, KLE Group lost 20 cents and ended with 42,816 units changing hands at $2.50, Lasco Distributors ended trading with 2,841,405 units changing hands to close at $7. Lasco Financial rose 20 cents with 149,488 shares changing hands, to end at a 52 weeks’ high of $4.70, Lasco Manufacturing with 62,296 units changing hands, closed with a gain of 19 cents at $4.70, Main Event gained 19 cents in trading 420,952 shares to close at $4.80. Medical Disposables lost 10 cents and closed at $7.40 with 34,000 shares changing hands, Paramount Trading closed at $3.80 with 77,959 shares changing hands and tTech lost $1 and closed trading with 35,358 units changing hands at $8, at the close investors offered 806,448 units for sale at $7.90.

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Juniors retreat sharply on Thursday

February 16, 2017 by

Medical Disposables added 60 cents and closed at $7.50′

The junior market retreated sharply in trading on Thursday, to close at 3,027.75 points after falling 48.96 as 21 securities changed hands, compared to 25 on Wednesday with the prices of 7 stocks rising and 6 declined.
The market closed ending with 5,009,146 units valued at over $29,141,927 passing through the market, compared to 6,418,006 units, valued at $39,202,136, on Wednesday. At the close, 5 stocks had bids higher than their last sale prices and 1 with a lower offer, than the last sale while 1 stock closed at new 52 weeks’ high.
An average of 238,531 units with an average value of $1,255,988 traded, compared to of 377,530 units with an average value of $754,627 on the previous trading day. The average volume and value for the month to date ended at 285,992 units and $1,758,206 compared to 290,307 units and $1,803,862 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging closed at $24.50 with 7,859 units changing hands, Blue Power closed with 3,000 shares changing hands at $50.01, Cargo Handlers rose 10 cents while trading 7,456 units, to close at $24.50. Caribbean Cream closed trading with 7,153 units at $8, Caribbean Producers fell 18 cents in trading 17,802 units at $4.65, Consolidated Bakeries traded 681,057 shares with a rise of 20 cents, to close at $4. Derrimon Trading ended at $7.20 with 10,000 shares changing hands, General Accident closed trading with 24,861 shares at while falling 5 cents to end at $4.15, Honey Bun closed with 384,852 shares changing hands to end with a loss of 50 cents at $7.50, Jamaican Teas traded 62,765 shares to close at $9 after declining by 33 cents. Jetcon Corporation closed trading with 460,473 shares, to end at a closing high of $11. Key Insurance traded 1,077 units to close with a gain of 2 cents at $3, KLE Group lost 30 cents and ended with 1,500 units changing hands at $2.70, Knutsford Express traded just 4,000 shares and gained $1.49 in closing at $26. Lasco Distributors ended trading with 469,944 units changing hands to close at $7, Lasco Financial rose 27 cents with 819,651 shares changing hands to end at $4.50, Lasco Manufacturing with 1,086,082 units changing hands, closed with a loss of 44 cents at $4.51. Main Event traded 592,737 shares to close at $4.51, after trading at $4.80, Medical Disposables added 60 cents and closed at 52 weeks’ high of $7.50 with 334,877 shares changing hands. Paramount Trading rose 20 cents and closed at $3.80 with 25,500 shares changing hands, Sweet River ended with 10,000 units changing hands at $3.50 and tTech closed trading with 500 units changing hands to end at $8.

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

140% jump in past week for JSE stock

February 11, 2017 by

Major moves in the past week in the main market indices of the Jamaica Stock Exchange saw the market indices climbing sharply on three days, with more than 8,000 points on Thursday, more than 5,000 points move on Tuesday and one with over 2,300 points on Monday.
By the close on Friday, the market rose more than 7 percent in the week.
Jamaica Stock Exchange jumped sharply during the week by 140 percent, to $13.50 and joined Cargo Handlers, Kingston Wharves and Jamaica Producers with PE in excess of 30 times 2017 projected earnings. During the past week of rapid gains in some stocks, Radio Jamaica, Barita Investments, JMMB Group, Berger Paints and Scotia Investments all recorded gains during the week, with each hitting new 52 weeks’ highs.
The week closed with the full slate of stocks remaining in the IS Insider’s TOP 10. During the week Pulse Investments released quarterly results to December, with slightly lower profit for the quarter than in 2015 but with improved six months numbers over 2015.
The target PE used in the projecting prices is based on the market’s PE for 2016 earnings, for 12 stocks in the junior market and 11 in the main market that are selling around this level, with some well over.

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Trinidad Stock Exchange inching higher

February 9, 2017 by

Sagicor Financial closed at a 52 weeks’ high of $9.30 on the TTSE on Thursday.

Market activity on the Trinidad & Tobago Stock Exchange rebounded with all three indices advancing with 12 securities changing hands compared to 7 on Wednesday with 6 stocks advancing, 4 declining and 2 remaining unchanged.
Trading closed on Thursday after 675,112 shares were exchanged at a value of $4,134,604 compared to only 152,664 shares valued at $2,299,065 traded on Wednesday.
The Composite Index climbed 6.74 points to 1,237.29, the All T&T Index advanced 3.99 points to 1,828.22, still leaving it slightly lower that at the close of 2016 and the Cross Listed Index gained 1.30 points to 88.62 and is up 10.81 percent for 2017.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| First Citizens advanced 49 cents, closing at $32.50 with an exchange of 195 shares, First Caribbean International closed at a 52 weeks’ of $8.85, gaining 32 cents with 3,414 units changing hands, Guardian Holdings closed at a 52 weeks’ high of $14.76 with gains of 4 cents, trading 34,800 shares valued at $513,383. Massy Holdings gained 60 cents to close at $52 with 15,759 units being exchanged at a value of $819,389, Sagicor Financial closed at a 52 weeks’ high of $9.30, gaining 18 cents trading 193,132 shares at a value of $1,783,021 and Trinidad & Tobago NGL closed trading 10 cents higher to $22.75 with 3,408 shares changing hands.
Losses| Grace Kennedy lost 1 cent to close at $2.64 with 3,690 units exchanged, JMMB Group closed 5 cents lower to $1.20, trading 262,106 shares valued at $315,277, Unilever Caribbean dropped 50 cents to close at $58 with 54 units traded and West Indian Tobacco closed at $126.99, losing 1 cent with an exchange of 35 shares.
Firm Trades| Ansa McAL closed trading at $66.45 with 19 units changing hands and National Commercial Bank remained at $3.60 with an exchange of 158,500 shares valued at $570,869, the stock closed with buying of 20,000 units at $4, the equivalent of J$75, the stock closed in Jamaica at J$64 on Thursday.

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Gains topped declines on TTSE

February 8, 2017 by

Trading activities fell sharply on the Trinidad & Tobago Stock Exchange on Wednesday with just 7 securities trading compared to 10 on Tuesday. Stocks rising continues to dominate with mild movements in the indices at the close of the market.
Trading ended with 4 stocks advancing, 2 declining and 1 holding firm, resulting in 152,664 shares changing hands at a value of $2,299,065 compared to Tuesday’s 197,505 shares valued at $1,350,912.
The Composite Index gained 0.07 points to end at 1,230.55, the All T&T Index declined 1.52 points to 1,824.23 and the Cross Listed Index gained 0.23 points to 85.32, to be up 9.15 percent for the year to date.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 8 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Guardian Holdings closed at a 52 weeks’ high of $14.72, gaining 11 cents with 22,086 shares changing hands at a value of $325,032, JMMB Group gained 5 cents to close at a 52 weeks high of $1.25 with 45,434 units being exchanged. Scotiabank closed at $58.75 with a gain of 5 cents and 1,750 shares traded and Trinidad & Tobago NGL advanced 10 cents, closing at $22.65 with 775 shares changing hands.
Losses| Clico Investment lost 3 cents to close at $22.50 with 16,946 units exchanged at a value of $1,230,292 and First Citizens closed at $32.01, losing 49 cents with 16,946 shares traded at a value of $542,272.
Firm Trades| Scotia Investments held firm at $2.21 with an exchange of 11,000 shares.

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Juniors break 3,000 points barrier – Tuesday

February 7, 2017 by

Knutsford Express traded $26 after rising $1.49.

The junior market shoot over the 3,000 mark in the index by gain nearly 50 points to close at yet another record high, in trading on Tuesday, to close at 3,029.93 points after gaining 48.91 as 22 securities changed hands, compared to 15 on Monday. Prices of 11 stocks rose and 7 declined.
The market closed ending with 3,635,936 units, valued at $9,626,139 passing through the market, compared to 871,696 units, valued at $5,334,946, on Monday. At the close, 7 stocks had bids higher than their last sale prices and 3 with a lower offer, than the last sale while 7 stocks closed at new 52 weeks’ high.
An average of 165,270 units with an average value of $437,552 traded, compared to of 58,113 units with an average value of $355,663 on the previous trading day. The average volume and value for the month to date ended at 100,163 units and $477,950 compared to 83,886 units and $488,049 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging rose $1 to close at $25 with 8,774 units changing hands after trading at a high for the day of $27.60, Blue Power closed with 894,181 shares changing hands at $50, CAC 2000 traded 869,262 shares and fell 10 cents to $6. Cargo Handlers climbed by $1 while trading 11,577 units, to close at 52 weeks’ high of $24, Caribbean Cream rose 35 cents in trading 3,150 units to end at $7.60, Caribbean Producers fell 10 cents in trading 18,050 units at $4.35, Consolidated Bakeries traded 65,346 shares with a rise of 20 cents, for a 52 weeks’ closing high $3.80. General Accident closed trading with 16,050 shares at while gaining 36 cents to end at a new high of $3.80 Honey Bun closed with 13,480 shares changing hands to end at $7.66, Jamaican Teas traded 13,751 shares to close at $9.50 after rising by 85 cents. Jetcon Corporation closed trading with 212,260 shares, to end at $10.50. Key Insurance traded 3,872 units to close at 52 weeks’ closing high of $3.70, after rising by 20 cents, KLE Group ended with 10,000 units changing hands at $3,

The ttech team, from Left: Mr. Hugh Allen, Resolution Manager and Executive Director; Mrs. Natalya Petrekin, Service Desk

Knutsford Express traded just 4,000 shares and gained $1.49 in closing at $26, Lasco Distributors ended trading with 97,322 units changing hands but fell 56 cents to close at $7.40. Lasco Financial rose 46 cents with 430,196 shares changing hands to end at $3.96, Lasco Manufacturing with 29,740 units changing hands, closed with a loss of 3 cents at $5.21, Medical Disposables added 27 cents and closed at 52 weeks’ high of $6.37 with 14,875 shares changing hands. Paramount Trading rose 5 cents and closed at $3.10 with 90,000 shares changing hands, tTech closed trading with 6,850 units changing hands to end at 52 weeks’ high of $8.05 after rising 60 cents and Derrimon Trading preference share lost 5 cents ending with 815,000 units changing hands to close at $2.

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