First time above 1,000 for juniors.

August 4, 2015 by

theGoodNews The JSE junior market gained 25.57 points on Tuesday to close at over 1,000 points for the first time ever in another record breaker move. The index closed at 1002.75 points as profits and shortage of stocks being sold continue the impact price movements. Today’s gains bring the increase in index over 46 percent since the start of this year. Technical indicator shows resistance around the present level, if that is cleared decisively, which seems likely, then the junior market should be heading to 1,200 points before a major resistance develops.
In actual trading on Tuesday, 10 securities changed hands with 6 rising and 2 declining

Access_Financial_Services

Access Financial Q2 profit up 71%

resulting in 1,410,115 units valued at $4,781,231. At the close, the junior market had 5 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained 50 cents to close at a new all-time high of $19 but with just 100 units, the company released results for the six months to June, with a 71 percent gain in the quarter, resulting in profit of $112.5 million versus $65.6 million and for the six months $252 million compared with $145 million. Today’s price, places the valuation of the stock around 10 times earnings. AMG Packaging with 16,596 units changing hands, ended unchanged at $3.60, Blue Power traded 164,139 units with the JM - Trade 4-08-15price rising 75 cents to $13, Caribbean Cream traded 48,500 shares at $2.10, after gaining 5 cents. Caribbean Producers dropped 46 cents, with 201,480 shares and closed at $2.59, Derrimon Trading had 10,000 shares changing hands, for a gain of 19 cents, to end at $2.25, Dolphin Cove jumped $3.35 to $12 while only 2,000 units traded. Honey Bun with 12,900 shares changing hands, closed 10 cents lower at $3, Lasco Distributors traded 14,500 shares to close at $1.80, Lasco Financial Services traded 935,900 units and gained 25 cents to close at $2.

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Moderate junior market trading

July 6, 2015 by

JSE sign Activity closed with 9 securities trading Monday with the level of trading remaining low and ended with 206,321 units changing hands with a value of just $374,980. The JSE Junior Market Index rose 3.49 points close at 872.94. The market ended with the prices of 4 stocks rising and 2 declining.
At the close, the junior market was showing sentiments being down on Friday’s close with 4 stocks having bids higher than their last selling prices, 5 with lower offers, compared to 6 to 7 on Thursday and 4 securities closing with no bids to buy while 3 had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers had just 610 units trading at $30, Caribbean Flavours traded 6,000 units for 2 cents more at $2.62, JM 6-7-15Consolidated Bakeries closed at $1.25 with 25,416 units at $1.25. General Accident lost 2 cents in closing at $1.70 with 50,000 shares trading, Honey Bun ended up 12 cents at $3 with 18,249 shares changing hands, Lasco Distributors traded 30,846 shares at $1.69 after adding 4 cents for the day. Lasco Financial Services traded only 10,905 shares and shed just 1 cent to end at $1.75 and Lasco Manufacturing had 60,195 shares changing hands 1 cent higher at $1.21 and Paramount Trading ended with 4,100 shares unchanged at $6.

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Juniors below 900 points

June 25, 2015 by

JSE sign Activity on the Junior Market closed with 8 securities trading and ended with 294,026 units changing hands valued at $954,783. The JSE Junior Market Index declined 14.05 on top of a fall of 15.87 points on Wednesday to close at 894.34, the first time it closed below 900 points since crossing over this level on June 3.
At the close of the market, the prices of 2 stocks advanced, 3 declined with 2 closing at 52 weeks’ high and there were 4 stocks with bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy and 5 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 17,562 units changing hands to close with a loss of $1.50 at $12 Cargo Handlers finished with 10,000 units to close at $26,Caribbean Cream with 3,357 shares traded higher by 1 cent to $1.60,JM 25-6-15 Caribbean Producers traded 6,000 shares and lost 8 cents to $2.80, Dolphin Cove trading 200 shares to close at $12.78 but ended with an offer to sell just 200 shares at $12.60. Honey Bun ended at $2.88 with 20,038 shares changing hands, Lasco Financial traded 152,759 shares but fell 5 cents in closing at $1.90 and Lasco Manufacturing traded 84,000 shares but gained 1 cent to end at $1.31.

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Junior market consolidating mode

June 18, 2015 by

Dolphin Cove closed at a new 52 weeks' high of $11.50 on Thursday.

Dolphin Cove closed at a new 52 weeks’ high of $11.50 on Thursday.

The junior market closed Thursday with 9 securities trading, and ended with only 304,283 units changing hands valued at $813,509 as investors await information that could lead the way forward having seen most results for the first quarter.
The JSE Junior Market Index gained 1.83 points to close at 912.96, with the prices of 4 stocks advancing, 4 declining with only Dolphin Cove closing at 52 weeks’ high.
At the close of the market, there were 6 stocks with bids higher than their last selling prices, 3 with lower offers and with 4 securities closing with no bids to buy and 6 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial had just 100 shares trading with a loss of 90 cents and ended at $15.85, but had an offer to sell 10,000 units at $15.80. AMG Packaging ending with 915 shares changing hands to close with a loss of 1 cent at $3.16, Cargo Handlers finished with 1,535 units to close unchanged at $24, JM 18-6-15Caribbean Cream ended with 99,617 shares trading and fell 10 cents to close at $1.60. On offer are 970,000 units at $1.70 and 500,000 at $1.80 while the closest bid is at $1.15 to purchase only 30,000 units. Consolidated Bakeries finished trading with 4,000 shares2 cents higher at $1.17, Dolphin Cove ended with 23,000 shares changing hands to close 50 cents higher, at a 52 weeks’ high of $11.50. Honey Bun had 866 shares changing hands, 33 cents higher to $2.95, Lasco Distributors traded 39,000 shares 8 cents higher, at $1.68 and Lasco Financial Services finished trading with 134,450 units, the price slipped 10 cents to $1.90.

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9 down 3 up on junior market

June 12, 2015 by

Price fall Trading picked up on the Junior Market with 15 securities trading, and ended with 1,497,036 units changing hands valued at $. The JSE Junior Market Index declined 25.44 points to close at 907.33, with the price of 3 stocks advancing and 9 declining and 2 closing at 52 weeks’ high.
At the close of the market, there is just 1 stock with the bid that is higher than their last selling price and only 2 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, AMG Packaging, ending with 5,500 shares changing hands, to close 1 cent lower at $3.19, Caribbean Cream trading 20,000 shares, 10 cents higher to new all-time high of $1.85, Caribbean Flavours finishing with 1,667 shares trading to close 1 cents higher at $2.09. Consolidated Bakeries ended with 65,234 units changing hands but lost 2 cents to close at $1.15, Derrimon Trading finished with 3,599 shares trading to close 10 cents higher at $2.20. JM 12-6-15Dolphin Cove concluding trading with 3,333 shares changing hands to close 25 cents lower at $11. General Accident Insurance ended trading with a loss of 20 cents to close at $1.75 with 34,252 shares trading, Honey Bun lost 33 cents in trading just 2,053 units. KLE Group traded 3,500 shares at 70 cents, Lasco Distributors traded 348,516 shares to close lower by 20 cents at $1.40, Lasco Financial Services finished trading with 671,000 units with the price slipping 6 cents to $2. Lasco Manufacturing had 124,982 shares changing hands as the stock traded lower by 5 cents to $1.45, Paramount Trading ended trading with 200,000 shares to end unchanged at $5.50 and Eppley 10% preference share closed trading with 8,400 units and lost just 1 cent to $6 and the company’s 9.5% preference share saw 5,000 units treading at $6.01

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4 new highs for junior market

June 10, 2015 by

Paramount is one of fours stocks to close at 52 weeks' high. The stock closed at $5.50 on Wednesday for an all-time high.

Paramount is one of fours stocks to close at 52 weeks’ high. The stock closed at $5.50 on Wednesday for an all-time high.

Trading picked up on the Junior Market with 9 securities trading, and ended with 940,177 units changing hands valued at $2,275,177. The JSE Junior Market Index gained 7.97 points to close at 934.69, with the price of 6 stocks advancing, none declining and 4 closing at 52 weeks’ high, Honey Bun traded at 52 weeks intraday high of $2.96.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 5 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Caribbean Cream traded at a 52 weeks’ high with 10,000 units, 10 cents higher, at $1.65. Caribbean Producers with 330,543 shares trading closed at $3, Dolphin Cove with 2,092 shares changing hands to close higher by 25 cents at a new high of $11.25, Honey bun finishing trading with 83,634 shares to close unchanged at $2.95. JM 10-6-15Jamaican Teas closed with 4,041 shares trading 4 cents higher at $3.54, Lasco Distributors with 21,867 shares trading, unchanged at $1.65, Lasco Financial Services finished trading with 352,000 units, to close with a gain of 3 cents to new a new 52 weeks’ high of $1.98. Lasco Manufacturing end up with 124,000 shares trading 5 cents higher at $1.50 and Paramount Trading ended trading with 12,000 shares to end with an increase of 70 cents to an all-time high of $5.50. At the close Access Financial seems set to fall with an offer at $15.84 to sell 5,951 units well below the last traded price of $16.75.

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Junior market closes at new high

June 9, 2015 by

Dolphin Cove was one of 6 stocks ending at 52 weeks' high

Dolphin Cove was one of 6 stocks ending at 52 weeks’ high

Trading on the Junior Market resulted in the market hitting a new all-time high, with 6 stocks closing at 52 weeks’ high out of 12 securities trading, culminating in 1,069,919 units changing hands valued at $1,990,730. The JSE Junior Market Index gained 14.46 points to close at 926.72, a new record high, with the price of 6 stocks advancing and 1 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 3 with lower offers. The junior market ended with 5 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market include, Access Financial with just 100 shares changing hands, to close lower by 25 cents at $16.75, Cargo Handlers finishing with 500 units to close with a gain of 51 cents, to a new all-time high of $23.51. Caribbean Cream with 435,000 shares trading at an all-time high of $1.55, gained 20 cents, Dolphin Cove finished trading with 1,000 shares to closed at an all-time high of $11, to gain 75 cents, Honey Bun concluded trading with 20,000 shares changing hands to close 25 cents higher at a 52 weeks’ high of $2.95.JM 9-6-15 Lasco Distributors traded 23,150 shares at $1.65, Lasco Financial Services finished trading with 495,970 units, with the price rising 4 cents to $1.95. Lasco Manufacturing traded 79,899 shares at $1.45, Paramount Trading ended with just 1,000 shares changing hands with an increase of 54 cents to $4.80, a new all-time high. The stock closed with a bid to buy 49,500 units at $5 and Eppley 9.5% preference share closed trading with 4,000 units and put on just 1 cent to $6.01 to new high, with a 1 cent gain.

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16 junior stocks traded 9 up 2 down

June 2, 2015 by

Caribbean Cream traded over 700,000 shares and closed at a new all time high on Tuesday

Caribbean Cream traded over 700,000 shares and closed at a new all time high on Tuesday

Trading on the Junior Market was one of the busiest for sometime with 16 securities trading resulting in 1,938,775 units changing hands valued at $1,312,464. The JSE Junior Market Index gained 17.19 points to close at 888.47, with the price of 9 stocks advancing, 2 declining and Caribbean Cream, Cargo Handlers and Derrimon Trading preference stock closing at new a 52 weeks’ high, Lasco Financial traded at an intra-day high.
At the close, there were 5 stocks with bids higher than their last selling prices and none with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial trading 500 shares to close at $17, AMG Packaging ending with 800 shares changing hands to close higher by 1 cent at $3.20, Blue Power closed with 6,350 shares trading at $9.50, Cargo Handlers finishing with 205,972 units, closed at a new high of $22.29, after gaining a cent. Caribbean Cream traded 703,034 units to end at $1.25 to gain 10 cents, Caribbean Flavours closed trading with 8,581 shares but lost 5 cents to end at $2, Caribbean Producers with 59,329 shares traded unchanged at $2.80, General Accident Insurance concluded trading with 30,000 shares changing hands to close 10 cents Higher at $2. Honey Bun traded 11,973 units at $2.69 after adding 7 cents. JM 2-6-15Jamaican Teas had 10,000 shares changing hands at $3.50, Lasco Distributors traded 62,000 to close 6 cents higher at $1.66, Lasco Financial Services finished trading with 622,000 units, between $1.60 and $1.71 but the price lost 2 cents to $1.65. There was dealing in 201,993 shares of Lasco Manufacturing, the stock closed with an 11 cents rise to $1.40, Paramount Trading ended with just 2,543 units changing hands to gain 15 cents to $3.95, Derrimon Trading 11.75% preference share saw trading in just 900 units with a 25 cents gain to $2.50 and Eppley 9.5% preference share had 12,800 units trading at $6.01.

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Mayberry takes 20% of Lasco Financial

May 26, 2015 by

Mayberry buys 20% of Lasco Financial Services on Tuesday.

Mayberry buys 20% of Lasco Financial Services on Tuesday.

Mayberry Investments bought 244,505,426 shares in Lasco Investments over the stock exchange floor today to be the dominant trade on the Jamaica Stock Exchange. Lascelles Chin was the major seller with 218,797,608 units, leaving approximately 160 million units directly in his name.
Joel Izquierrdo Gonzalez who had 14,515,000 shares seems to have disposed of his holdings as well, Mayberry crossed another 10 million units to cement the major part of the trade for the day. Chin confirmed the sale and indicated that Mayberry now has 20 percent and it’s a win, win proposition for both entities. Lasco Financial has 1,228,102,990 Ordinary shares of no par value that are issued. Lasco just reported full year reulsts with profit of $189.5 million just up from $178.2 million in 2014, the company reported just $10 million profit in the last quarter to March versus $41 million in the same period in 2014.Mayberry previously owned around 39 percent of Access Financial Services which they divested last year for approximately $1 billion. Some of the funds are being invested in this and other entities. It could well be that Mayberry will eventually buy more shares in the company.
Elsewhere in trading pick on the Junior Market with 11 securities trading, and ended with 245,363,622 units changing hands valued at $315,546,759. The JSE Junior Market Index declined 21.64 points to close at 856.43, with the price of 2 stocks advancing and 6 declining.
At the close of the market, there were only 2 stocks with bids higher than their last selling prices and 4 with lower offers. The junior market ended with 4 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial Services ending JM 26-5-15with 61,836 shares changing hands 10 cents lower at $17, Blue Power closed with 1,700 shares trading at $9.50, in losing 30 cents. Caribbean Cream finished with 81,200 units with a loss of 11 cents at $1.08, Caribbean Producers with 51,724 shares trading, was unchanged at $3, General Accident Insurance concluded trading with 187,684 shares changing hands to close 7 cents lower at $2. Honey Bun finished trading with just 500 shares to close 11 cents higher, at $2.62, Knutsford Express Services ended with 3,437 shares unchanged at $6. Lasco Distributors traded 289,032 shares, 15 cents lower, at $1.55, Lasco Financial Services finished trading with 244508476 units in total between $1.28 and $1.45 to settle at $1.30, there were 170,033 shares of Lasco Manufacturing traded to close lower by 5 cent at $1.25 and 8,000 Paramount Trading shares traded at $3.80 for a 4 cents gain.

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Access now 1,000% of IPO price

May 18, 2015 by

General Accident closed at 52 weeks high on Monday but the company reported a decline of 74% in profits to hit $26m in Q1.

General Accident closed at 52 weeks high on Monday but the company reported a decline of 74% in profits to hit $26m in Q1.

The Junior market closed at a new record to start off the week with 13 securities trading, with the price of stocks advancing and declining and closing at 52 weeks’ high. the most for some time, and ended with 1,683,746 units changing hands valued at $22,509,881 with Access Financial accounting for the bulk of the trade with Mayberry Investments selling 1,257,938 at a new high of $18, valued $21,452,426.
In closing at $18, Access is back at the IPO price before a ten for 1 spilt putting at the equivalent of $180 had the split not take place no other stock has performed so well on the Jamaica stock market in recent time. The stock was issued at $18 per share, making those who held on to see a 900 percent gain on their investment, plus dividends to add to the gains and the company is yet to stop growing.
The JSE Junior Market Index gained 4.60 points to close at a new all-time high of 896.80 and with 3 stocks closing at 52 weeks’ high. At the close of the market, there were 5 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 3 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Other stocks trading in the junior market are, AMG Packaging ending with 27,885 shares changing hands ,to close at $3.25, Blue Power Group closed with 979 shares trading at $9.80, Caribbean Cream finished with 100,000 units to close at $1.20, Caribbean Producers with 32,000 shares trading, closed lower by 3 cents at $3.07. Consolidated Bakeries had 2,429 shares changing hands at $1, Dolphin Cove traded 3,525 shares with the price rising 27 cents, to a 52 weeks’ high of $11.02. <a href="http://icinsider.com/profit-up-at-general-accident-but-just/" title="Profit up at JM 18-5-15General Accident but just”>General Accident Insurance concluded trading with 25,400 shares changing hands to close 10 cents higher at a 52 weeks’ high of $2.18, Honey Bun ended trading with 4,586 shares to end with a rise of 1 cent at $2.51. Jamaican Teas traded 194,500 at $3, Lasco Distributors traded 1,100 shares unchanged at $1.65, Lasco Financial Services finished trading with 15,000 units, the price remained at $1.31 and there was dealing in 18,304 Lasco Manufacturing’s shares as the stock traded lower by 5 cents at $1.40.

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