Trading in the Junior Market of the Jamaica Stock Exchange closed on Tuesday with a number of stocks advancing, out pacing those declining.
The volume and value of stocks traded climbed compared to that on Friday with the market index closing sharply higher.
The market index jumped 53.71 points to close at 3,161.90, as 23 securities traded, up from 19 on Friday with 10 stocks advancing, 5 declining and 8 traded firm. Trading closed with 7 stocks with bids higher than the last traded prices and 1 closing with a lower offer.
At the close 7,982,375 units value at $43,352,441 traded, compared with 1,948,274 valued at $10,702,346 passing through the market on the previous trading day. Trading was boosted by Express Catering with more than 6.6 million units changing hands.
Trading ended trading with an average of 347,060 units for an average of $1,884,889 in contrast to 102,541 units for an average of $563,281 on Friday. The average volume and value for the month to date amounts to 147,562 units valued at $787,949 compared to 81,062 units valued at $422,302 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
The volume of stocks trading and their last traded prices at the close are: AMG Packaging closing at $3.75 with 3,051 units changing hands, Blue Power dived $2.50 to close at $41.50 with 1,080 units changing hands, CAC 2000 closed at $7.50 with 341 shares, Caribbean Flavours closed at $11 with 1,500 shares, Caribbean Producers closed 5 cents higher at $3.50 with 5,100 shares, Consolidated Bakeries closed at $2.62 with 300 shares, Derrimon Trading ended 25 cents higher to close at $8 with 2,400 shares, Dolphin Cove rose $2 to close at $20 with 2,700 shares, Express Catering traded at a new high during the day at $5.57 but closed $1 lower for the day at $4.30 with 6,676,605 shares, General Accident rose 5 cents and closed at $2.90 with 4,517 shares, Honey Bun gained 5 cents to close at $5.55 with 2,500 units, Jamaican Teas lost 24 cents and closed at $4.51 with 6,871 shares, Jetcon Corporation rose 30 cents to close at $5.60 with 948,848 shares, as investors responded positively to the company’s six month results. KLE Group closed at $2 with 2,725 shares, Knutsford Express traded 11,598 shares at $15, Lasco Distributors closed 10 cents higher at $6.70 with 105,467 shares, Lasco Financial closed at $4 with 75,829 units, Lasco Manufacturing gained 7 cents to $4.40 with 21,104 shares, Main Event closed down by 5 cents at $4.85 with 24,040 shares, Medical Disposables closed at $5.50 with 42,269 shares, tTech climbed $1.50 higher to close at $9.50 with 6,500 stock units, Derrimon Trading preference share closed at $2.10 with 17,030 units and Eppley 10% preference share ended at $6.60 with 20,000 units after falling 1 cent.
Junior Market steadies on Friday
Trading on the Junior Market of the Jamaica Stock Exchange closed on Friday with advancing stocks just edging out declining ones and the market index remained almost steady, slipping just 0.69 points to 3,108.19.
The market ended with 1,948,274 units valued at $10,702,346 changing hands, compared to Thursday with 1,176,216 units valued at $5,557,230.
A total of 19 securities traded, down from 22 on Thursday, with 8 stocks rising and 7 declining. Trading closed with 7 stocks with bids higher than the last traded prices and 4 closing with lower offers.
Trading ended trading with an average of 102,541 units for an average of $563,281 in contrast to 53,464 units for an average of $252,601 on Thursday. The average volume and value for the month to date amounts to 81,062 units valued at $422,302 compared to 70,323 units valued at $351,812 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
At the close of the market, stocks trading and their last traded prices are: AMG Packaging rose by 22 cents to close at $3.75 with 64,907 units changing hands, CAC 2000 climbed 60 cents higher close at $7.10 with a 18,600 shares, Caribbean Cream with a loss of 35 cents, closed at $6.50 with a 17,300 shares, Caribbean Flavours suffered a loss of $1, to close at $11 with a 250,000 shares, Caribbean Producers closed at $3.45 with a 48,500 shares. Consolidated Bakeries ended with a loss of 33 cents, to $2.62 with a 23,617 shares, Derrimon Trading traded 25 cents higher to $7.75 with a 100,000 shares, Dolphin Cove rose 50 cents to close at $18 with a 700 shares, Express Catering closed 60 cents higher at $5.30 with a 1,158,203 shares, after trading at a low of $3.90 for the day and ended with an offer at $4.50 to sell 13,736 units. General Accident with a loss of 5 cents, closed at $2.85 with a 2,642 shares, ISP Finance fell $1.16 cents, to close at $17.26 with 120 shares, Jamaican Teas gained 24 cents to $4.75 with a 39,147 shares, Jetcon Corporation close at $5.30 with a 28,500 shares, KLE Group closed at $2 with a 2,390 shares, Knutsford Express fell 1 cent to $15 with a 2,000 shares, Lasco Distributors with a loss of 10 cents, to close at $6.60 with 61,046 shares, Lasco Financial closed at $4 with a 121,709 shares, Main Event lost 49 cents, and closed at $4.90 with a 8,000 shares and Paramount Trading jumped 69 cents higher to close at $2.54 with a 893 shares.
Junior Market drops 40 points
Trading on the Junior Market of the Jamaica Stock Exchange closed on Thursday with declining stocks dominating rising ones, 2 to 1 and the market index falling 40.32 points to 3,108.88.
The market ended with 1,176,216 units valued at $5,557,230 changing hands, with the index falling 6.26 points to close at 3,149.20. On Wednesday trading closed with 2,266,721 units valued at $11,726,592.
A total of 22 securities traded, versus 26 on Wednesday, with 6 stocks rising and 12 declining. Trading closed with 10 stocks having bids higher than the last traded prices and 1 closing with a lower offer.
Trading ended trading with an average of 53,464 units for an average of $252,601 in contrast to 87,182 units for an average of $451,023 on Wednesday. The average volume and value for the month to date amounts to 70,323 units valued at $351,812. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
At the close of the market, stocks trading and their last traded prices are: AMG Packaging lost 12 cents to close at $3.53 with 6,000 units changing hands, Caribbean Cream rose 35 cents to $6.85 with a 4,000 shares, Caribbean Producers close at $3.45 with a 50,009 shares, Consolidated Bakeries closed with a rise of 32 cents at $2.95 with a 980 shares, Derrimon Trading ended with a lost of 30 cents, to close at $7.50 with a 7,259 shares, Express Catering lost 30 cents to close at $4.70 with a 648,533 shares, General Accident closed at $2.90 with a 103,000 shares, Honey Bun closed at $5.50 with a 1,792 units, ISP Finance traded 5,900 shares and rose 42 cents to $18.42. Jamaican Teas with a lost of 1 cent, closed at $4.51 with a 170 shares,
Jetcon Corporation ended 20 cents higher to $5.30 with a 132,075 shares, KLE Group closed at $2 with a 5,100 shares, Key Insurance closed at $3.05 with a 1,068 stock units, Knutsford Express closed at $14.90 with a 3,650 shares, Lasco Distributors fell 18 cents, to $6.70 with a 25,000 shares, Lasco Financial traded at $4.00 with a 66,575 shares after a loss of 4 cents, Lasco Manufacturing ended with a loss of 4 cents, to close at $4.33 with a 44,820 shares, Main Event eased 8 cents in closing at $5.39 with a 7,970 shares, Medical Disposables close at $5.50 with a 32,215 shares, tTech lost 50 cents and closed at $8 with a 26,000 shares, Derrimon Trading preference share fell 40 cents and closed at $2.10 with a 4,000 shares and Eppley 10% preference share close with a rise of 1 cent at $6.61 with a 100 shares.
Express Catering may have topped out
The bids and offers for recently listed Express Catering may have topped out, based on the quotes this morning.
In early trading on Wednesday, bids amounted to over 1.53 million units up to $4.71 with offers of 1.285 million from $7 down to $4.98. Bids above $4.50 amounts to less than 40,000 units, suggesting that strong buying may have waned. It is early in the day and the feeling out process could be on to entice sellers to drop their offers and vice versa.
A total of 50,668 units traded so far down to $4.71, with a high of $4.98 for the day. Since the stock listed on the Exchange late in July, the price shot up sharply from the initial public price of $1.50 and induced more than 54 percent of the IPO issue to trade.