Mayberry traded 14,065,475 units of Access Financial shares at $9 on Monday but the transactions were cancelled after the market closed. Apparently, the trade was in breach of the court order for the two major shareholders to freeze their respective holdings. The official trading report of the Jamaica Stock Exchange showed the trades as they were still valid, but data on the stock exchange trading system show the trades as cancelled.
In actual trading on the Junior Market, only 6 securities traded ending with 336,824 units valued at $597,178 changing hands. The JSE Junior Market Index dropped 1.01 points to close at 689.28, with the price of 2 advancing and 2 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 1 stock with the offer lower. The junior market continues to reflect renewed interest with 4 securities closing with no bids to buy up from 11 some weeks ago. There were 10 securities that had no stocks being offered for sale, including 2 junior market preference shares.
The stocks trading are, Honey Bun ended trading with only 222 shares changing hands to close 1 cent up at $1.71, Lasco Distributors ended with 27,802 shares trading and gained of 1 cent to $1.45, AMG Packaging ending with 2,500 shares trading at $2.15. General Accident finished with 1,000 shares trading at $1.75, Caribbean Producers finished with 226,000 shares trading lower by 2 cents to $2.05, Lasco Financial ended trading, with 79,300 shares changing hands, to close 2 cents down at 96 cents
Access 14m shares trade cancelled
Eppley 10% Preference share list
Eppley’s latest cumulative preference shares were listed on Wednesday, there was no trading in the stock. The listing flowed from the reopening of an issue which went to market in November and was oversubscribed and led to the reopening of the issue on in December on the same terms which includes interest at 10 percent for two years then a step up thereafter, the second was also oversubscribed.
Activity Trading on the Junior Market closed with only 6 securities trading and ended with 929,121 units valued at $1,202,090. The JSE Junior Market Index rose 1.68 points to close at 690.29, with the price of 3 advancing and 1 falling.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to show renewed interest with only 4 securities closing with no bids to buy. There were 9 securities that had no stocks being offered for sale.
The stocks that traded on the day before Christmas are, Access Financial with 7,903 shares to gain 9 cents at $9.05, Lasco Financial traded just 2,000 shares at 1 cents higher at 98 cents, Lasco Manufacturing had 649,041 units trading to put on 1 cent to $1.12. Lasco Distributors with 258,877units suffered a 1 cent fall, to $1.44, Blue Power traded just 1,300 shares at $6.30 and Honey Bun saw trading in 10,000 shares at $1.70.
Honey Bun new low of $1.70
Activity Trading on the Junior Market closed with only securities traded and ended with 566,814 units valued at $860,032. The JSE Junior Market Index fell 7.75 points to close at 679.54, with the price of one stock advancing and five declining.
Honey Bun closed at a new high of $6.60 on Monday.
At the close of the market, there was one stock with a bid higher than the last selling prices and none with a lower offer. The junior market is lowly regaining strength but not there yet, with five securities closing with no bids to buy. Eight securities had no shares offered for sale, a positive indicator that prices could be rising shortly.
Paramount Trading ended with 19,429 shares trading with a gain of 6 cents to $2.62, AMG Packaging closed with 580 shares trading at $2.15, Lasco Manufacturing closed with 128,435 shares changing hands to close at $1.10, Access Financial closed with 11,000 units trading, the price slipped 4 cents, to $8.96. Dolphin Cove lost 40 cents to close at $8.10 and finished trading with 3,200 shares. Honey Bun ended trading with 7,000 shares changing hands to close 30 cents lower at $1.70, for a new 52 weeks’ low, Lasco Distributors traded 291,300 units with the price slipping 5 cents $1.45 and Lasco Financial traded 105,870 shares lower by 7 cents at 98 cents.
Low activity on junior market
The junior market has been slowly rebuilding since a 2014 low reached in June
Blue Power closed with 910 units with a 14 cents gain to $6.30, followed by Lasco Distributors finishing trading with just 1,600 units to close trading with an increase of 9 cents at $1.50. AMG Packaging closed trading with 51,578 shares changing hands at $2.15, General Accident had 220,595 shares trading at $1.75 followed by Honey Bun with a mere 300 shares at $2, Lasco Financial ended trading with 3,300 units at $1.05 and Lasco Manufacturing traded 105,000 shares and lost cents 2 to end at $1.10.
Jamaican Teas at new low
The Orchid property being developed that should add to Jamaican Teas’ profits in 2015 & 2016.
Trading in the Junior Market closed with 6 securities traded and ended with 122,569 units valued at $215,553 being active. The JSE Junior Market Index fell 3.08 points to close at 665.49, with the price of one advancing 3 declining. At the close of the market, there were 2 stocks with bids higher than their last selling prices and none with offers that were lower. The junior market remains on the weak side with 8 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
General Accident closed with 92,805 units trading, the price slipped 10 cents to $1.65, Honey Bun completed trading with 10,018 shares changing hands to close 10 cents up to $2, Jamaican Teas finished with 5,000 shares trading lower by 34 cents $2.50, to a new an all-time low. Paramount Trading ended trading with 7,000 shares changing hands to close at 5 cents lower at $2.55, Caribbean Producers ended trading with 1,746 shares changing hands to close at $2.15 and Consolidated Bakeries closed with 6,000 shares at 82 cents.
Only 4 junior stocks traded
Trading on the Junior Market, closed with very little activity on a day when trading ended with a mere 157,505 units, valued at $298,019. The JSE Junior Market Index rose 0.84 points to close at 668.57 as only 4 securities traded, with the price of 2 advancing and 2 unchanged. At the close, there were 3 stocks with bids higher than their last selling prices and none with lower offers. The junior market continues to see slight improvement in sentiment with 6 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale, the highest level since we have been tracking this measure.
At the close of the market, Lasco Financial finished with 11,678 shares changing hands to close 1 cent higher at 97 cents, Caribbean Cream ended with 14,000 shares, 2 cents higher at 70 cents, Honey Bun ended with 26,827 shares trading at $1.90 and Caribbean Producers closed with 105,000 shares at $2.15.
2 new 52 weeks’ low for juniors
Kurk Boothe – Medical Disposables Managing Director. The company’s stock fell to a new low on Monday, in spite of healthy profit gains.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 6 securities closing with no bids to buy, this is down from 11 a few weeks ago, as such sentiment is slowly on the mend. There were 4 securities that had no stocks being offered for sale.
The stocks that traded on Monday are, General Accident ended with 20,000 shares changing hands to gain of 3 cents to $1.60, Lasco Manufacturing closed with 30,000 units with a gain of 1 cent to $1. Caribbean Producers saw trading in 13,526 shares at $2.20, Dolphin Cove closed trading with only 108 shares changing hands at $8.50, Lasco Distributors completed trading with 13,130 shares changing hands at $1.49. Honey Bun ended trading with 15,000 units, the price slipped 22 cents to a new 52 weeks’ low of $1.90 and Medical Disposables ended with 86,000 units and closed at 20 cents lower to a new 52 week’ low of $1.80, and now trades lower than the issue price of $1.83, back in December 2013.
JSE Junior Market low trading interest
The junior market enjoyed trading in 324,780 units valued at $353,366. The JSE Junior Market Index fell 2.40 points to close at 649.56 as just 5 securities traded with 2 advancing and 2 declining.
Gains| Stocks recording gains, at the end of trading in the junior market are, Caribbean Cream with 29,240 units, gained 4 cents to 65 cents and General Accident had 9,000 units trading with 4 cents gain, to end at $1.50
Firm Trades| The only active stocks in the junior market that closed at the same price as the day before is Honey Bun with 1,442 shares to end at $2.12.
Declines| Stocks declining in the junior market at the end of trading are, Lasco Distributors with 263,098 units changing hands lost 2 cents to end at $1.11 and Lasco Financial with 22,000 shares lost 13 cents to end at 85 cents for anew 52 weeks low.
At the end of trader there were 2 securities with bids higher than the last selling price and two with offers that were lower.
Only 6 junior market stocks traded
The JSE Junior Market Index declined 9.77 points to close at 651.96 as 6 stocks traded with 2 advancing and 2 declining. A total of $2,499,970 was expended on 2,297,589 shares in this market. Two Lasco companies accounted for the bulk of the stocks to trade.
Gains| Stocks recording gains at the end of trading in the junior market are, Lasco Financial 1,681,491 units with a gain of 3 cents to 98 cents and Lasco Manufacturing with 529,226 units, to close a cent higher at 97 cents.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, General Accident with 25,000 shares ended at $1.46 and Honey Bun had just 7,058 units trading at $2.12.
Declines| Stocks declining in the junior market at the end of trading, are Caribbean Producers 31,000 shares, ending at $2.40 after losing 10 cents and Dolphin Cove with 23,814 units, losing 80 cents to end at $8.
Sweet River starts trading with small gain
Friday’s activity on the Jamaica Stock Exchange, resulted in the prices of 5 stocks rising and 8 declining, as 19 securities changed hands, with 4,358,188 units trading, valued at $120,793,953. Sweet River Abattoir, the latest junior market listing, traded for the first time, having been listed today, with 1,000 shares trading, slightly above the IPO price of $3.86.
Main Market| The JSE Market Index lost 295.47 points to 72,387.35 and the JSE All Jamaican Composite index fell 330.39 points, to close at 79,650.40.
Gains| The stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers with 19,179 ordinary shares, rising 5 cents to $7, National Commercial Bank had 27,560 shares changing hands, 14 cents higher at $18, Scotia Group put through 153,187 units with a gain of 5 cents to $19.25 and Seprod, had 141,300 shares changing hands, 28 cents higher at $10.80.
Firm| The stock in the main market to close without a price change at the last traded prices is Sagicor Real Estate Fund with 26,530 units at $7.14
Declines| The last traded prices of stocks with losses at the at the end of trading in the main market are Carreras with 565,400 shares, lost 30 cents to end at $34.35, Grace Kennedy traded 1,514,078 units for $2 loss, to end at $58, Mayberry Investments with 20,000 shares, closed 20 cents lower at $1.50, Proven Investments ordinary stock, traded 49,418 shares and lost 0.99 cents to end at 17US cents and Sagicor Group traded 391,700 shares and lost 55 cents at $9.20.
Preference| Access Financial 9% debenture note, traded 102,000 units at $5 and Jamaica Money Market Brokers 8.50% preference share, traded 1,093,000 units at $2.
Junior Market| The JSE Junior Market Index fell 5.84 points to close at 662.23, as 6 stocks traded with 1 advancing and 3 declining.
Gains| Newly listed Sweet River Abattoir, closed with 1,000 shares trading at $3.90 for a 4 cents gain, on the IPO price and is the only stock gaining at the end of trading, in the junior market.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, General Accident with 150,000 shares, ending at $1.50, C2W Music 2,300 units trading at 40 cents and Jamaican Teas with 11,734 shares at $3.30.
Declines| Stocks declining in the junior market at the end of trading, are Honey Bun with 25,802 shares, lost 22 cents to end at $2.12, a 52 weeks’ Low, Lasco Financial with 39,000 shares changing hands, lost 3 cents to end at 95 cents and Lasco Manufacturing with 25,000 shares lost 5 cents to end up at 97 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
